Zinc prices dropped by 0.61% at 290.95 due to a slight increase in smelter production, less impacted by reductions in key regions like Henan and Gansu. Production surged in Qinghai, Inner Mongolia, Xinjiang, Hunan, and Shaanxi. Domestic refined zinc production is projected to rise by over 20,000 mt monthly in December 2024, marking a 5%…
Zinc prices rose by 1.38% to ₹286.7, driven by a drop in inventories at warehouses monitored by the Shanghai Futures Exchange. Tightening zinc supply provides a bullish outlook. Although zinc concentrate inventory at ports has increased, reduced smelter output in Q3 has constrained the market. Smelter production in Q4 remains historically low, around 500,000 metric…
The Multi Commodity Exchange (MCX), India’s largest commodity exchange, has revised the expiry date of its base metal index futures contract (MCXMETLDEX) due to the Maharashtra Legislative Assembly Election on November 20, 2024. Trading on MCX will only open for the evening session, and the contract will be available for trading until the revised expiry…
Zinc prices fell by 0.34% to 288.95 due to rising stocks in LME warehouses, easing supply concerns. This has led to a reduced cash premium over three-month zinc contracts, indicating softer demand. Chinese economic data shows sluggish demand, with September’s industrial profits marking the steepest decline of the year. Production forecasts for global mined zinc…
Zinc prices rose by 0.14% to 288.2 due to China’s economic stimulus measures, including liquidity injections, mortgage rate cuts, and easing home purchase restrictions. The central bank announced plans to reduce mortgage rates for existing home loans before October 31. However, zinc inventories in warehouses monitored by the Shanghai Futures Exchange dropped to 79,980 metric…
Zinc prices rose by 0.89% at 266.95 due to improved demand in China and a weakening dollar, along with expectations of an imminent US interest rate cut. The decrease in zinc inventories in warehouses and higher energy costs, which account for a significant portion of zinc production expenses, also supported prices. Positive economic signals from…
The prospect of increased demand from China caused short-covering, which resulted in a minor increase in zinc prices of 0.06%, closing at 271.7. This hope stems from the anticipated Third Plenum of the Communist Party, which is set for July 15–18 and is anticipated to cover economic policy and reforms. Rising by 1,500 metric tonnes…
China’s sharp decline in zinc concentrate imports during the first four months of the year had an impact on zinc, which finished yesterday at 259.9, down -0.12%. China’s imports of zinc concentrates decreased by 24% from the same time the previous year, which was a sharp reversal of the pattern observed in 2022 and 2023,…
Due to a decline in the global zinc market surplus and other variables influencing supply and demand, zinc prices increased by 0.83% to settle at 273.75. According to data from the International Lead and Zinc Study Group (ILZSG), the excess in the global zinc market decreased from 66,800 tonnes in February to 52,300 metric tonnes…
With investor confidence in the market driven by predictions of strong demand growth and U.S. interest rate decreases zinc surged by 1.49% to settle at 265.2. Zinc prices were supported by encouraging signals from China, where imports and exports increased in April, indicating a recovery in both domestic and foreign demand. The market’s mood was…
