Daily Market Report

Zinc prices saw minor declines across LME, SHFE, and MCX markets due to increased production and subdued demand. Although global refined zinc faced a deficit in October, production recovery and seasonal factors have kept prices under pressure. Experts anticipate price consolidation.

Aluminum prices held steady despite mixed trends in the global market. Supply constraints at LME warehouses and strong Chinese production shaped price movements. Declining alumina costs and ongoing U.S. tariff discussions further influenced market sentiment.

Zinc prices exhibited mixed trends across LME, SHFE, and MCX markets, influenced by fluctuating inventories, Chinese production trends, and global economic conditions. Refined zinc production saw modest gains in China but dropped significantly year-on-year. Experts highlight the importance of Chinese demand in shaping near-term trends.

Zinc prices have been on the rise, supported by falling LME stocks and positive sentiment surrounding Chinese economic stimulus measures. The market shows signs of tightness, with reduced inventories and short covering. Despite global production deficits, a stronger U.S. dollar and uncertainties surrounding U.S. tariffs have capped further gains.

Zinc prices showed mixed movements across global markets. LME saw a 1.33% increase, while SHFE and MCX saw minor declines. Global zinc markets are facing a supply deficit, and uncertainties, such as U.S. tariffs, are affecting investor sentiment. Additionally, refined zinc production in China showed growth, while stockpiling and inventory dynamics provided market support.

Zinc prices saw a decline due to tariff uncertainty, weak economic outlook, and imbalances in supply and demand. LME Zinc dropped by 1.96%, with the SHFE and MCX markets following similar downward trends. Zinc inventories in key markets also saw declines, indicating supply-side challenges.

Aluminum prices remained stable as global supply concerns persist and seasonal demand weakens. Production in China rose, but deficits in the market and low operating rates in processing industries create uncertainty. Hindalco's acquisition of the Meenakshi Coal Mine secures cost-efficient operations, while macroeconomic factors like US interest rate policies will influence long-term trends.

Zinc prices remained steady with minor fluctuations across global markets. LME zinc closed higher at $3,040/mt, SHFE zinc rose to 25,300 yuan/mt, while MCX zinc declined slightly to Rs 282.85/kg. Inventory declines and tight supply supported prices, but macroeconomic concerns and increased production expectations added pressure.

Zinc prices on LME, SHFE, and MCX show slight changes due to tight domestic supply and reduced mine output. China's zinc production increased in November, but a global zinc market deficit persists. Market sentiment remains influenced by China's fiscal stimulus and challenges in its property sector.

Zinc prices rose in SHFE and MCX, driven by supply concerns and fiscal stimulus in China. Global zinc production faced declines, while trading volumes and open interest increased. Zinc remains supported at Rs 280, with resistance at Rs 283.1.

Zinc prices have experienced mixed movements across major exchanges. LME prices rose by 0.87%, while SHFE saw a slight decline of 0.26%. MCX zinc showed a 0.70% increase. Short-term price fluctuations are expected, driven by domestic supply shortages and macroeconomic factors. A rise in global zinc deficit and lower inventories also support price movements.

LME zinc prices increased marginally to $2,972.5/mt, supported by inventory declines, while SHFE zinc recorded bearish momentum, closing at 24,820 yuan/mt. A global zinc deficit of 69,100 mt emerged in October due to reduced production in China, Canada, and Peru, driven by economic challenges and supply constraints.