Spot demand lifts zinc futures by 1%
16/08/2016 10:59
Zinc futures were trading higher during the morning trade in the domestic market on Tuesday as participants indulged in building up of fresh positions led by surge in the spot demand from consuming industries at the domestic spot markets. Further, an uptick in demand for zinc at the domestic spot market was led by widening of bets by traders in the spot markets, supported zinc prices at futures trade. At that MCX, zinc futures for August 2016 contract is trading at Rs 151.15 per kg, up by 1 per cent, after opening at Rs 150.20, against a previous close of Rs 149.65. It touched the intra-day high of Rs 151.15 (at 10:58 hours).
16/08/2016 10:59
