Zinc gains on declining stockpiles
16/01/2015 16:24
Zinc prices rose by 1.10 per cent on Friday 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 3275 metric tonnes to 658100 metric tonnes as on January 16, 2015. Zinc futures for January 2015 contract, at MCX, were trading at Rs 128.20 per kg, up by 1.10 per cent after opening at Rs. 127 against the previous closing price of Rs. 126.80. It touched the intra-day high of Rs. 128.50 till the trading. (At 4.23 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.
16/01/2015 16:24
Zinc prices rose by 1.10 per cent on Friday 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 3275 metric tonnes to 658100 metric tonnes as on January 16, 2015. Zinc futures for January 2015 contract, at MCX, were trading at Rs 128.20 per kg, up by 1.10 per cent after opening at Rs. 127 against the previous closing price of Rs. 126.80. It touched the intra-day high of Rs. 128.50 till the trading. (At 4.23 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.
