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Monday, 7 November 2016

Upsurge in demand lifts zinc futures by 0.64% : 07 Nov 2016

Zinc futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators widened their positions in the industrial metal amid an upsurge in physical demand from consuming industries at the domestic spot markets.
Further, participants indulged in building up their positions in the industrial metal led by rise in physical demand from consuming industries, supported prices of zinc at futures trade. At the MCX, zinc futures for November 2016 contract is trading at Rs 164.10 per kg, up by 0.64 per cent, after opening at Rs 164.25, against a previous close of Rs 163.05. It touched the intra-day high of Rs 164.25


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