HZL Zinc Ingots (SHG) in Kolkata

Zinc prices showed modest gains across major exchanges, with LME zinc rising by 0.35%, SHFE increasing by 0.88%, and MCX zinc up by 0.29%. This uptick came amid slight improvements in consumption, high spot premiums, and rumours of production cuts. The global zinc market also faces a widening deficit, although China's zinc production has increased slightly.

Zinc prices have been under pressure, experiencing significant declines across major trading platforms including LME, SHFE, and MCX. The market is facing weak demand conditions, with a rise in the U.S. dollar and limited support from macroeconomic policies affecting sentiment. Despite a slight rise in open interest, market sentiment remains bearish.

Zinc prices have been experiencing fluctuations across multiple markets. The LME zinc price dropped by 4.65% with SHFE prices falling by 0.62%. On the MCX, zinc closed at a decrease of 3.23%. Inventory levels have increased, particularly with a rise in LME stocks, easing some short-term supply concerns.

Zinc prices have experienced a slight increase recently, supported by a weaker US dollar and improved consumption in the SHFE market. However, market sentiment remains cautious as traders await US Federal Reserve signals. The opening of the Kipushi mine in the DR Congo also took place.

Zinc prices have shown mixed trends across global markets, with LME and MCX witnessing slight gains, while SHFE registered a dip due to weaker trading volumes and policy concerns. Global zinc inventories remain tight, with the deficit growing to 66,300 mt in August.

Zinc prices have experienced fluctuations, with LME zinc closing at $3,099.5/mt last Friday, down 2.35%. SHFE zinc closed 0.1% down and MCX zinc fell 2.44% to Rs 287.35/kg. Increasing inventories and tight supply conditions are affecting prices, with China’s refined zinc production rising by 2% in September.

Zinc prices surged across global markets, driven by supply disruptions and China's economic stimulus. The zinc market faces a projected deficit of 164,000 tons in 2024. China's economic growth boosted optimism for zinc demand, leading to price fluctuations.

The zinc market experienced bullish trends across key exchanges, with LME, SHFE, and MCX all increasing. The global zinc market is expected to face a significant supply deficit in 2024, with demand outpacing production due to a raw material shortage. Meanwhile, major zinc producers like Hindustan Zinc posted strong profits, supported by robust revenues and strategic investments.

The zinc market is experiencing fluctuating prices across key exchanges, driven by global supply deficits and changing demand forecasts. While LME prices saw a slight increase, SHFE and MCX prices experienced declines. Supply constraints, particularly in Europe and China, are contributing to a projected supply deficit for 2024.