Upbeat physical demand lifts Zinc
13/02/2015 09:26
Zinc futures ended higher in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. However, tepid Euro area industrial output data which showed production coming to a halt in December signaled a weaker recovery in the 19-member economy, dimming the demand outlook for industrial metals, trimming gains in Zinc. At the MCX, Zinc futures for February 2015 contract closed at Rs 133.05 per 1 kg, up by 0.72 per cent after opening at Rs 131.85, against the previous closing price of Rs 132.10. It touched the intra-day high of Rs 133.6 till the closing.
13/02/2015 09:26
Zinc futures ended higher in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. However, tepid Euro area industrial output data which showed production coming to a halt in December signaled a weaker recovery in the 19-member economy, dimming the demand outlook for industrial metals, trimming gains in Zinc. At the MCX, Zinc futures for February 2015 contract closed at Rs 133.05 per 1 kg, up by 0.72 per cent after opening at Rs 131.85, against the previous closing price of Rs 132.10. It touched the intra-day high of Rs 133.6 till the closing.
