Zinc futures higher on physical demand, US
data
04/07/2014 11:46
Zinc futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Further, upbeat US economic data signaled a pickup in the world’s biggest economy, lifting the demand outlook for industrial metals. Payrolls in the US surged last month while services expanded at a robust rate in June 2014, data showed. At the MCX, Zinc futures for July 2014 contract is trading at Rs. 133.65 per 1 kg, up by 0.11 per cent, after opening at Rs. 133.355, against the previous closing price of Rs. 133.50. It touched an intra-day high of Rs. 133.85. (At 11:21 AM).
04/07/2014 11:46
Zinc futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Further, upbeat US economic data signaled a pickup in the world’s biggest economy, lifting the demand outlook for industrial metals. Payrolls in the US surged last month while services expanded at a robust rate in June 2014, data showed. At the MCX, Zinc futures for July 2014 contract is trading at Rs. 133.65 per 1 kg, up by 0.11 per cent, after opening at Rs. 133.355, against the previous closing price of Rs. 133.50. It touched an intra-day high of Rs. 133.85. (At 11:21 AM).
