Business Standard

Zinc futures moves up on global cues

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Press Trust of India New Delhi

Supported by a strong demand at the spot market and a steady trend overseas, zinc futures prices rose by 0.19% today.  

At the Multi Commodity Exchange, zinc for July delivery traded 20 paise, or 0.19% higher, at Rs 106.50 per kg, with a business turnover of 443 lots.  

Similarly, the metal for August delivery also edged higher by 15 paise, or 0.14% to Rs 107.55, with a trade volume of 25 lots. 

Market analysts said a better trend in spot markets on the back of pick up in industrial demand, mainly pushed up zinc prices at futures trade here.  

Meanwhile, zinc traded steady at $2,412 a tonne on the London Metal Exchange.

 

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First Published: Jul 08 2011 | 12:38 PM IST

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