Upbeat German data lifts Zinc
27/03/2015 09:57
Zinc futures closed higher in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal after German consumer confidence surged to the highest level in 14 years, signaling a pickup in Europe’s biggest economy, lifting the demand outlook for zinc. The gauge measuring German consumer confidence may jump to 10 in April from 9.7 in March, Gfk said. At the MCX, Zinc futures for March 2015 contract closed at Rs 130.90 per 1 kg, up by 0.85 per cent after opening at Rs 130, against the previous closing price of Rs 129.80. It touched the intra-day high of Rs 132.80 till the closing.
27/03/2015 09:57
Zinc futures closed higher in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal after German consumer confidence surged to the highest level in 14 years, signaling a pickup in Europe’s biggest economy, lifting the demand outlook for zinc. The gauge measuring German consumer confidence may jump to 10 in April from 9.7 in March, Gfk said. At the MCX, Zinc futures for March 2015 contract closed at Rs 130.90 per 1 kg, up by 0.85 per cent after opening at Rs 130, against the previous closing price of Rs 129.80. It touched the intra-day high of Rs 132.80 till the closing.
