India: Zinc, lead prices see weekly gains amid rise in LME futures, HZL’s price hikes

Domestic zinc and lead prices saw significant gains w-o-w amid an increase in LME futures as well as price hikes by HZL. Zinc ingot prices in Delhi rose to INR 230,000/t, up 2.8%. Re-melted lead prices stood at INR 179,000/t, ex-Delhi. Middle East zinc diecast (5%) prices were at $2,020/t CFR Mundra, marking a 1.5% gain. Meanwhile, zinc 3-M prices surged over 6% to $2,600/t w-o-w, while lead reached $2,123/t.