Zinc prices has seen a very sharp decline. The steel demand pick up has been slow. This is the best quarter in the year when there is seasonal demand picking up for metals. However, it has not happened the way markets anticipated.

Zinc prices are down 2.5% on MCX. In the international exchanges, Shanghai and LME have declined 3% to 4%. Zinc is trading at a four month low in the global markets.

There is also pressure seen in nickel, copper, alluminium prices.

Hongmei Li of Mysteel discusses with Manisha Gupta the current trend in commodities markets.

“This year has started pretty chaotic for the metal sector. The prices have been declining rather than climbing up,” said Hongmei.

First Published:Apr 12, 2018 2:55 PM IST