Zinc futures remain up on strong demand, global cues

Bs_logoImage
Press Trust of India New Delhi
Last Updated : Jul 14 2016 | 6:32 PM IST
Zinc advanced for the second straight day and prices edged up by 0.65 per cent to Rs 146.75 per kg in futures trade today as traders engaged in raising their bets amid rising demand in the spot market.
At the Multi Commodity Exchange, zinc for delivery in July went up by 95 paise, or 0.65 per cent, to Rs 146.75 per kg, in a business turnover of 10,376 lots.
Likewise, the metal for delivery in August traded higher by 85 paise, or 0.58 per cent, to Rs 147.30 per kg in 649 lots.
Analysts attributed the rise in zinc futures to pick up in demand from consuming industries in the spot market and a firm trend overseas where it was up 1.1 per cent.
Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 14 2016 | 6:32 PM IST