Upbeat physical demand, German data lifts
Zinc
10/11/2014 09:20
Zinc futures ended higher 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.
German industrial output and exports rebounded in September, easing concerns of a recession in Europe’s biggest economy, supporting the demand outlook for zinc. German industrial output rose 1.4 per cent in September from the previous month, when it contracted 3.1 per cent. German exports climbed 5.5 per cent in September, after a 5.8 per cent contraction in August.
At the MCX, Zinc futures for November 2014 contract closed at Rs. 137.55 per 1 kg, up by 0.59 per cent, after opening at Rs. 137.50, against the previous closing price of Rs. 136.75. It touched an intra-day high of Rs 138.90.
10/11/2014 09:20
Zinc futures ended higher 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.
German industrial output and exports rebounded in September, easing concerns of a recession in Europe’s biggest economy, supporting the demand outlook for zinc. German industrial output rose 1.4 per cent in September from the previous month, when it contracted 3.1 per cent. German exports climbed 5.5 per cent in September, after a 5.8 per cent contraction in August.
At the MCX, Zinc futures for November 2014 contract closed at Rs. 137.55 per 1 kg, up by 0.59 per cent, after opening at Rs. 137.50, against the previous closing price of Rs. 136.75. It touched an intra-day high of Rs 138.90.
