Spot demand lifts zinc futures by 0.60%

Zinc prices inched up by 0.60 per cent to Rs 201.05 per kg in futures market today as traders created fresh positions following upsurge in demand in the spot market.
At the Multi Commodity Exchange, zinc for delivery in December traded higher by Rs 1.20, or 0.60 per cent to Rs 201.05 per kg in business turnover of 272 lots.
In a similar fashion, the metal for delivery in January was trading higher by Rs 1.10, or 0.55 per cent to Rs 201.15 per kg in 11 lots.
Market analysts attributed the rise in zinc futures to pick up in demand from consuming industries in the spot market amid a firm trend in select base metals at the London Metal Exchange.