Upbeat German data lifts Zinc
27/04/2015 09:14
Zinc futures surged in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market.
Further, business sentiment in Germany surged to the highest level in ten months in April, signaling a pickup in Europe’s biggest economy, lifting the demand outlook for industrial metals. The gauge measuring German business sentiment climbed to 108.6 this month from 107.9 in March.
At the MCX, Zinc futures for April 2015 contract closed at Rs 143.10 per 1 kg, up by 1.67 per cent after opening at Rs 140.45, against the previous closing price of Rs 140.75. It touched the intra-day high of Rs 143.45 till the closing
27/04/2015 09:14
Zinc futures surged in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market.
Further, business sentiment in Germany surged to the highest level in ten months in April, signaling a pickup in Europe’s biggest economy, lifting the demand outlook for industrial metals. The gauge measuring German business sentiment climbed to 108.6 this month from 107.9 in March.
At the MCX, Zinc futures for April 2015 contract closed at Rs 143.10 per 1 kg, up by 1.67 per cent after opening at Rs 140.45, against the previous closing price of Rs 140.75. It touched the intra-day high of Rs 143.45 till the closing
