Commodities
Copper and Zinc Pull Back in September, But Supply Outlook Stays Tight
This 'Insights' story delves into the recent September pullback in copper and zinc prices, noting a WoW slip for both. Copper settled at ₹1,372/kg, while zinc closed at ₹359/kg. Despite this price correction, the fundamental outlook for these industrial metals remains robust. Global inventories for zinc continue to tighten, and copper, though experiencing a minor dip, is still hovering near record global price levels. Lumic’s interpretation suggests this September movement is a price adjustment rather than a significant fundamental reversal. The ongoing tight supply situation is expected to continue supporting metal prices in the Indian market and globally. Keep an eye on the copper price trend and zinc price trend as market dynamics evolve.
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Commodities