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Zinc up 0.2% on overseas cues, spot demand

Metal for delivery on LME added as much as 1.1%

Press Trust of India New Delhi
Last Updated : Mar 13 2014 | 12:34 PM IST
Supported by a firming trend overseas and firm demand at spot markets, zinc futures edged up by 0.29% to Rs 122.70 per kg today amid a firm global trend.

Globally, zinc for delivery in three months on the London Metal Exchange added as much as 1.1% to $2,008.50 per tonne.

At the Multi Commodity Exchange, zinc for delivery in April traded up by 35 paise, or 0.29%, to Rs 122.70 per kg, with a business turnover of 20 lots.

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The metal for delivery in March also rose by 30 paise, or 0.25%, to Rs 121.65 per kg, with a business turnover of 474 lots.

Marketmen said besides improved demand in the spot market, a firming trend in the metal ahead of China factory output data, supported the upside in zinc prices at futures trade.

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First Published: Mar 13 2014 | 12:32 PM IST

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