- Firm global cues support domestic price uptrend
- Zinc oxide gains on steady downstream demand
India’s zinc dross and zinc oxide markets moved higher w-o-w as of 15 April 2026, supported by stronger global cues. Benchmark three-month London Metal Exchange (LME) zinc prices increased by $75/t w-o-w to $3,384/t, lending cost-push support to domestic secondary zinc products. Meanwhile, LME inventories rose by 4,150 t w-o-w to 116,475 t, indicating improved exchange availability. Despite the upward trend, market activity remained measured, with buyers continuing to procure cautiously.
Zinc dross, oxide price movements
Domestic zinc dross prices increased by about INR 4,000/t to INR 279,000/t ex-Delhi, while western India levels were reported at around INR 277,000/t ex-works. Meanwhile, zinc oxide (99% Zn) prices rose by INR 4,600 INR 269,600/t ex-Delhi, supported by steady demand from downstream sectors.
Market participants indicated that procurement activity remained largely need-based, with buyers avoiding aggressive stocking amid continued price volatility.
Scrap segment trends
In the north Indian zinc scrap market, large-sized Tukdi (97% Zn) was offered at around INR 277,000-278,000/t ex-Delhi, while regular-sized Tukdi prices were heard at approximately INR 273,000/t. Scrap prices moved up in line with broader market trends, though trading activity remained moderate.
Outlook
In the near term, zinc dross and oxide prices are expected to remain firm, tracking LME trends. However, cautious buying behaviour and the absence of strong demand momentum may limit sharp price increases.
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