India: Zinc, lead prices see significant gains w-o-w amid primary player’s price hike

Domestic zinc and lead prices saw significant gains w-o-w amid an increase in LME futures as well as price hikes by HZL. Zinc ingot prices in Delhi rose to INR 266,000/t, up 2.7%. Re-melted lead prices stood at INR 188,000/t, ex-Delhi. Middle East zinc diecast (5%) prices were at $2,080/t CFR Mundra. Meanwhile, zinc 3-M prices rose over 2% to $2,873/t w-o-w, while lead reached $2,187/t.