China stimulus hopes lift Zinc
13/04/2015 12:30
Zinc futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal after a dip in China’s exports and imports last month signaled a faltering recovery in the world’s second biggest economy, raising bets of a stimulus boost to spur growth, lifting the demand outlook for industrial metals.
China’s exports fell 15 per cent, year on year in March 2015 while imports slid 12.7 per cent from the same month a year ago.
At the MCX, Zinc futures for April 2015 contract is trading at Rs 138 per 1 kg, up by 0.40 per cent after opening at Rs 137.25, against the previous closing price of Rs 137.45. It touched the intra-day high of Rs 138.05. (At 12:11 PM).
13/04/2015 12:30
Zinc futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal after a dip in China’s exports and imports last month signaled a faltering recovery in the world’s second biggest economy, raising bets of a stimulus boost to spur growth, lifting the demand outlook for industrial metals.
China’s exports fell 15 per cent, year on year in March 2015 while imports slid 12.7 per cent from the same month a year ago.
At the MCX, Zinc futures for April 2015 contract is trading at Rs 138 per 1 kg, up by 0.40 per cent after opening at Rs 137.25, against the previous closing price of Rs 137.45. It touched the intra-day high of Rs 138.05. (At 12:11 PM).
