Zinc futures up on rising demand 07/05/2018

Zinc futures up on rising demand
07/05/2018


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Zinc futures up on rising demand
07/05/2018 14:26
Zinc futures were trading higher during the afternoon trade in the domestic market on Monday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets.

Market analysts attributed the rise in zinc futures to fresh bets created by participants on the back of rising demand at the domestic spot market.

At the MCX, zinc futures for May 2018 contract was trading at Rs 206.80 per kg, up by 0.71 per cent, after opening at Rs 206, against a previous close of Rs 205.35. It touched the intra-day high of Rs 207.55(at 14:25 hrs)