India: Zinc prices gain, lead remains rangebound

Domestic zinc and lead ingot prices fluctuated by up to INR 2,000/t w-o-w. Zinc stood at INR 278,000/t, down INR 2,000/t, and re-melted lead ingot at INR 183,000/t, ex-Delhi. Imported zinc diecast (5%) from the Middle East was at $2,110/t CFR Mundra. Wet batteries from the UAE were at $870/t CFR Kolkata. As companies establish new plants, automotive manufacturing demand is rising.