Zinc rises by 0.85% on declining stockpiles
24/07/2014 15:23
Zinc prices rose by 0.85 per cent on Thursday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks fell by 875 metric tonnes to 654950 metric tonnes as on July 24, 2014. Zinc futures for July 2014 contract, at MCX, were trading at Rs 142.80 per kg, up by 0.85 per cent after opening at Rs. 142.20 against the previous closing price of Rs. 141.60. It touched the intra-day high of Rs. 142.90 till the trading. (At 3.20 PM today). Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.
24/07/2014 15:23
Zinc prices rose by 0.85 per cent on Thursday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks fell by 875 metric tonnes to 654950 metric tonnes as on July 24, 2014. Zinc futures for July 2014 contract, at MCX, were trading at Rs 142.80 per kg, up by 0.85 per cent after opening at Rs. 142.20 against the previous closing price of Rs. 141.60. It touched the intra-day high of Rs. 142.90 till the trading. (At 3.20 PM today). Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.
