Zinc little changed in evening trade
29/08/2016 16:31
Zinc futures were trading flat during evening trade on Monday as traders refrained from booking fresh positions in the industrial metal amid soft physical demand for zinc in the domestic spot market. Further, fears of a US interest rate hike next month curbed risk appetite as Fed Chair Janet Yellen stressed that the case for monetary tightening in the world’s biggest economy had strengthened. At the MCX, zinc futures for August 2016 contract is trading at Rs 155.80 per kg, up by 0.03 per cent, after opening at Rs 156.45, against a previous close of Rs 155.75. It touched the intra-day high of Rs 156.45 (at 16:28 PM).
