Zinc falls by 1.24% on rising stockpiles
06/08/2014 15:50
Zinc prices fell by 1.24 per cent on Wednesday at the domestic markets due to the surge in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks rose by 9800 metric tonnes to 668625 metric tonnes as on August 6, 2014. Zinc futures for August 2014 contract, at MCX, were trading at Rs 143.50 per kg, down by 1.24 per cent after opening at Rs. 145.05 against the previous closing price of Rs. 145.30. It touched the intra-day low of Rs. 143.30 till the trading. (At 3.50 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.
06/08/2014 15:50
Zinc prices fell by 1.24 per cent on Wednesday at the domestic markets due to the surge in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks rose by 9800 metric tonnes to 668625 metric tonnes as on August 6, 2014. Zinc futures for August 2014 contract, at MCX, were trading at Rs 143.50 per kg, down by 1.24 per cent after opening at Rs. 145.05 against the previous closing price of Rs. 145.30. It touched the intra-day low of Rs. 143.30 till the trading. (At 3.50 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.
