Indian zinc and lead ingot prices held steady w-o-w. In Delhi, zinc ingots are priced at INR 267,500/t. Sources anticipate a potential downward pressure on zinc prices due to declining LME rates following Tara mine and Nyrstar smelter resumptions, alongside projected zinc surplus by ILZSG. Meanwhile, remelted lead is priced at INR 187,000/t, ex-Delhi. Meanwhile, Middle East zinc diecast (5%) prices were at $2,060/t CFR Mundra.
