India: Zinc ingot prices plunge $314/t despite stable stock levels

Domestic special high grade (SHG) zinc ingot prices fell sharply today by INR 24,000/t ($314/t) to INR 346,000/t ($4,523/t) despite stable stock levels at MCX and minor correction at LME during the last trading session. Market participants informed that the sharp correction of INR 7,000/t on MCX and limited transactions weighed on prices.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *