India: HZL keeps zinc prices largely stable; lead ingot prices rise by INR 1,600/t

• HZL zinc prices remain above spot market levels
  
  
• Domestic demand continues to stay need based
  
  

Hindustan Zinc Limited (HZL) on 25 May 2026 kept zinc ingot prices largely stable, while increasing lead ingot prices by INR 1,600/t ($16/t) to INR 228,700/t ($2,397/t) compared to the previous revision on 21 May.

HZL's benchmark SHG zinc ingot prices were reduced marginally by INR 200/t ($2/t) to INR 380,900/t ($3,994/t). Other zinc grades were revised to:

SHG-CGG: INR 382,400/t

SHG-Jumbo: INR 381,400/t

HG: INR 380,400/t

PW: INR 378,900/t

On the London Metal Exchange (LME), zinc prices were stable at $3,544/t, while lead prices edged up 0.07% to $2,013/t as of 12:05 PM IST. MCX zinc futures were trading at INR 372,200/t.

Despite the marginal correction, HZL's zinc prices remained above domestic spot market levels of around INR 377,000-378,000/t. Market participants noted that buying activity remained moderate and largely need based.