Zinc rises on fall in inventories
22/01/2015 15:46
Zinc prices rose by 0.15 per cent on Thursday at the domestic markets 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 3275 metric tonnes to 649400 metric tonnes as on Jan 22, 2015. Zinc futures for January 2015 contract, at MCX, were trading at Rs 131.65 per kg, up by 0.15 per cent after opening at Rs. 131.25 against the previous closing price of Rs. 131.45. It touched the intra-day high of Rs. 132.30 till the trading. (At 3.45 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.
22/01/2015 15:46
Zinc prices rose by 0.15 per cent on Thursday at the domestic markets 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 3275 metric tonnes to 649400 metric tonnes as on Jan 22, 2015. Zinc futures for January 2015 contract, at MCX, were trading at Rs 131.65 per kg, up by 0.15 per cent after opening at Rs. 131.25 against the previous closing price of Rs. 131.45. It touched the intra-day high of Rs. 132.30 till the trading. (At 3.45 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.
