Zinc futures up on spot demand, global cues

Amid a firm global trend and better domestic demand, zinc futures prices rose by 0.50 per cent to Rs 111.65 per kg today as speculators enlarged positions.

At the Multi Commodity Exchange, zinc for delivery in December edged up by 55 paise, or 0.50 per cent, to Rs 111.65 per kg, with a business turnover of 1,814 lots. Likewise, the metal for delivery in January traded higher by 55 paise to Rs 112.20 per kg, with a business turnover of 68 lots.

Marketmen said improved demand in the spot market amid a firming trend in base metals overseas after data showed Chinese manufacturing activity had picked up pace in November, mainly led to rise in zinc futures.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus