Zinc dips on weak global cues
12/01/2015 16:15
Zinc prices fell by 0.22 per cent on Monday at the domestic markets due to a weak trend in base metals at the London Metal Exchange in the midst of low global demand concern. Zinc futures for January 2015 contract, at MCX, were trading at Rs 134.05 per kg, up by 0.22 per cent after opening at Rs. 133.65 against the previous closing price of Rs. 133.75. It touched the intra-day high of Rs. 134.30 till the trading. (At 3.34 PM today).
However, losses were curbed 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 2300 metric tonnes to 670875 metric tonnes as on Jan 12, 2015.
Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.
12/01/2015 16:15
Zinc prices fell by 0.22 per cent on Monday at the domestic markets due to a weak trend in base metals at the London Metal Exchange in the midst of low global demand concern. Zinc futures for January 2015 contract, at MCX, were trading at Rs 134.05 per kg, up by 0.22 per cent after opening at Rs. 133.65 against the previous closing price of Rs. 133.75. It touched the intra-day high of Rs. 134.30 till the trading. (At 3.34 PM today).
However, losses were curbed 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 2300 metric tonnes to 670875 metric tonnes as on Jan 12, 2015.
Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.
