Non Ferrous News Today

Zinc markets remain supported by tight global inventories despite mixed price movement across LME, MCX, and SHFE. China’s record output and profitable arbitrage have opened a strong export window, expected to reach 50,000 tons by year-end. Spot premiums, firm Indian prices, and cautious buying shape near-term sentiment.

Zinc prices remained firm across major exchanges as low inventories and steady downstream demand supported the market. Seasonal restocking in China and persistent warehouse withdrawals at the LME reinforced bullish sentiment. While supply remains tight, analysts expect short-term consolidation with a slight upward bias if disruptions persist.

Zinc prices held firm across major exchanges on October 29, 2025, supported by tight LME inventories (~37 kt) and steady downstream demand in China. SHFE zinc maintained strength within the ¥22,200–22,600/mt range, while MCX futures traded near ₹308.25/kg. Analysts expect consolidation with an upward bias amid limited fresh supply.

Zinc prices remained steady across global exchanges, supported by tight inventories and stable refined output. LME futures hovered near USD 2,950/MT, while MCX traded close to ₹291.45/kg. Despite dollar strength and subdued volatility, low LME stocks continued to provide price support amid mixed global market sentiment.

Aluminium prices gained slightly on the LME and in India as Hindalco and Balco raised ingot rates by ₹3,500/MT. Domestic premiums remained firm due to healthy local demand, while the LME Asian Reference price declined 1.8%, reflecting regional weakness. BALCO’s new 525 kA smelter signals future capacity expansion.

Zinc prices held steady across global exchanges as tightening inventories and improved domestic demand supported sentiment. LME futures hovered above $3,000/MT, while HZL and Vedanta reported record production for H1 FY26. Despite firm fundamentals, upside potential appears limited unless fresh supply disruptions emerge in key producing regions.

ADC12 aluminum alloy prices held steady near RMB 20,800–21,000/t as pre-holiday buying faded and inventories rose sharply. Scrap supply remains tight, supporting costs, while extended downstream holidays and weak die-casting demand limit consumption. Import losses widen, and silicon metal supply growth adds pressure, keeping near-term prices largely range-bound.

Zinc futures traded range-bound on 24 Sep. LME prices closed at $2,889.4/mt after touching $2,904.5/mt, while MCX October futures eased 0.05% to ₹281.70/kg on subdued demand. Mixed global sentiment, steady LME stocks near 50,525 t, and supply-risk monitoring kept the market cautious.

Zinc futures traded firm across LME ($2,956/mt), SHFE (¥22,310/mt), and MCX (₹283.65/kg) as low inventories and strong industrial demand supported prices. MCX contracts found key support near ₹281, with upside resistance at ₹285.5. Global sentiment stayed positive despite U.S. tariff concerns and a softer dollar.

Zinc prices firmed across global exchanges, supported by falling LME inventories and stronger Chinese demand. While ILZSG projects a surplus of ~93,000 t in 2025, short-term sentiment remains bullish. Russian mine delays and tight concentrate supply may cushion against downside, keeping MCX zinc in upward momentum near-term.