- LME zinc prices edge up, support domestic prices
- Improved buying activity lifts zinc oxide prices
Indian zinc scrap and dross prices strengthened w-o-w on 29 January on sustained demand from local processors. BigMint assessed zinc diecast scrap of Middle East origin at $2,660/tonne (t) CFR west coast, India, up by $20/t w-o-w, amid steady inquiries.
Zinc dross prices moved higher across key markets. In north India, zinc dross was assessed at INR 259,200/t ex-Delhi, up by INR 4,500/t w-o-w. In the west, prices strengthened to INR 255,000/t ex-works Mumbai, supported by continued demand from local processors.
At the time of reporting, London Metal Exchange (LME) zinc prices stood at $3,476/t, up by $274/t from $3,202/t last week, lending support to domestic scrap and dross prices.
Zinc oxide (Zn 99%) prices also increased w-o-w. Prices rose by INR 2,800/t to INR 247,200/t ex-Delhi, as procurement from the ceramics, rubber, and fertiliser sectors gained momentum.
In north India, big-sized zinc scrap (Tukdi, Zn 97%) was offered at around INR 266,000-267,000/t ex-Delhi, while mid-sized Tukdi (Zn 97-98%) was quoted in the range of INR 262,000-263,000/t, supported by firm replacement costs.
Rashmi Metaliks to auction 25 t zinc dust via mjunction
Rashmi Metaliks Limited will conduct an e-auction for 25 t of zinc dust (heavy) from its Kharagpur plant, West Bengal, through the mjunction platform on 30 January 2026 at 2:00 PM. The material will be sold on an “as-is-where-is” basis under a dynamic sealed-bid format with visible SBP.
Outlook
Zinc scrap and dross prices are expected to remain firm in the near term, backed by sustained demand from domestic processors and supportive LME zinc prices. Movements in global zinc prices and the availability of scrap will be the key factors influencing domestic pricing.
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