- HZL zinc prices remain above spot market levels
- Domestic demand remains largely need based
Hindustan Zinc Limited (HZL) on 28 May 2026 reduced zinc ingot prices by INR 1,400/t ($15/t), while increasing lead ingot prices by INR 300/t ($3/t) compared to the previous revision.
HZL’s benchmark Special High Grade (SHG) zinc ingot prices were reduced to INR 379,500/t ($3,948/t), while lead ingot prices increased to INR 229,000/t ($2,381/t).
Other revised zinc grades were:
- SHG-CGG: INR 381,000/t
- SHG-Jumbo: INR 380,000/t
- HG: INR 379,000/t
- PW: INR 377,500/t
On the London Metal Exchange (LME), zinc prices were trading at $3,513/t, up 0.17%, while lead prices edged down 0.2% to $2,002/t as of 12:30 PM IST.
Despite the latest reduction, HZL’s zinc prices remained above domestic spot market levels. Sources indicated that spot zinc ingot prices were at around INR 378,000/t on 27 May, while overall buying activity remained moderate and largely requirement driven.
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