Tag: LME zinc backwardation

India: HZL cuts zinc, lead offers as domestic prices ease amid softer global market

Sep 3, 2026

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by

Prerana Rout

in Lead, Non Ferrous, Zinc

Despite cut, HZL’s prices remain elevated amid last week’s sharp rally LME zinc backwardation narrows as inventories rise above 100,000 t Hindustan Zinc Ltd (HZL) reduced its benchmark zinc ingot price by INR 4,900/t on 3 September, taking its Special High-Grade (SHG) zinc benchmark to INR 429,500/t. The company also reduced its lead benchmark by…