Zinc rises on reducing inventories
25/11/2014 16:25
Zinc prices rose by 0.60 per cent on Tuesday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 3575 metric tonnes to 669875 metric tonnes as on November 25, 2014. Zinc futures for November 2014 contract, at MCX, were trading at Rs 142 per kg, up by 0.60 per cent after opening at Rs. 141.25 against the previous closing price of Rs. 141.15. It touched the intra-day high of Rs. 142.40 till the trading. (At 4.15 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.
25/11/2014 16:25
Zinc prices rose by 0.60 per cent on Tuesday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 3575 metric tonnes to 669875 metric tonnes as on November 25, 2014. Zinc futures for November 2014 contract, at MCX, were trading at Rs 142 per kg, up by 0.60 per cent after opening at Rs. 141.25 against the previous closing price of Rs. 141.15. It touched the intra-day high of Rs. 142.40 till the trading. (At 4.15 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.
