Copper and Zinc Pull Back in September, But Supply Outlook Stays Tight
Explore the latest movements in industrial metals with our Fin Shorts update. In September, both copper price and zinc price saw a minor pullback, with copper rates in India slipping 0.87% WoW to ₹1,372/kg and zinc rates in India falling 0.83% WoW to ₹359/kg. While these weekly movements suggest a temporary pause, the broader outlook for these vital industrial metals remains influenced by a tight supply scenario. Global inventories for zinc continue to tighten, underpinning its price trend. Although copper has also experienced a dip from its record global price levels, the fundamental tightness in supply is expected to support the metal prices. Lumic interprets this September dip as a price adjustment rather than a fundamental reversal in the copper price trend and zinc price trend, highlighting the ongoing supply-demand dynamics in the Indian and global commodity markets.
Explore the latest movements in industrial metals with our Fin Shorts update. In September, both copper price and zinc price saw a minor pullback, with copper rates in India slipping 0.87% WoW to ₹1,372/kg and zinc rates in India falling 0.83% WoW to ₹359/kg. While these weekly movements suggest a temporary pause, the broader outlook for these vital industrial metals remains influenced by a tight supply scenario. Global inventories for zinc continue to tighten, underpinning its price trend. Although copper has also experienced a dip from its record global price levels, the fundamental tightness in supply is expected to support the metal prices. Lumic interprets this September dip as a price adjustment rather than a fundamental reversal in the copper price trend and zinc price trend, highlighting the ongoing supply-demand dynamics in the Indian and global commodity markets.
