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Monday, 24 October 2016

Zinc futures little changed on rise in demand : 24 Oct 2016

Zinc futures were little changed during the morning trade in the domestic market on Monday as investors and speculators started building up fresh positions in the industrial metal amid an increase in demand from consuming industries at the domestic spot markets.

Further, participants indulged in widening their bets in the industrial metal led by upsurge in demand from consuming industries, supported prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 150.80 per kg, up by 0.03 per cent, after opening at Rs 150.95, against a previous close of Rs 150.75. It touched the intra-day high of Rs 151.05 


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