- SteelMint’s assessment for domestic special high-grade zinc ingot prices exhibited a sharp downward trend on both w-o-w (10%) and d-o-d (1.25%) basis. Prices fell to INR 315,000/t ($4,068/t) today.
- LME cash prices that stood at $3,541/t on 13 May 2022, a fall of around 8% w-o-w and 3% d-o-d, lowered the domestic prices.
- Chinese lockdown and global slowdown remain major concerns regarding correction in prices.
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