Zinc drops by 0.65% waning demand 20/10/2014

Zinc drops by 0.65% waning demand
20/10/2014 15:31
Zinc prices fell by 0.65 per cent on Monday at the domestic markets after fears of a recession in Germany, Europe’s biggest economy have risen after industrial output and exports plunged the most in over five years in August 2014 while the 18-member Euro area economy is struggling to avert the threat of deflation which reduced the demand outlook for the metal. Zinc futures for October 2014 contract, at MCX, were trading at Rs 137.15 per kg, down by 0.65 per cent after opening at Rs. 137.65 against the previous closing price of Rs. 138.05. It touched the intra-day low of Rs. 137.10 till the trading. (At 3.30 PM today).
However, losses were limited due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks fell by 1575 metric tonnes to 721575 metric tonnes as on October 20, 2014.
Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

Zinc dips on weak global demand outlook 13/10/2014

Zinc dips on weak global demand outlook
13/10/2014 16:35
Zinc prices fell by 0.14 per cent on Monday at the domestic markets as upbeat China trade data failed to ease concerns over the global economic outlook. China’s copper arrivals rose 14.7 per cent in September to 390,000 metric tons, compared to 340,000 in August. Zinc futures for October 2014 contract, at MCX, were trading at Rs 142.30 per kg, down by 0.14 per cent after opening at Rs. 142.50 against the previous closing price of Rs. 142.50. It touched the intra-day low of Rs. 141.65 till the trading. (At 4.20 PM today).
However, losses were curbed due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks fell by 2650 metric tonnes to 729025 metric tonnes as on October 13, 2014.
Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

Zinc rises on falling stockpiles 23/09/2014

Zinc rises on falling stockpiles
23/09/2014 16:16
Zinc prices rose by 0.26 per cent on Tuesday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 25 metric tonnes to 752675 metric tonnes as on September 23, 2014. Zinc futures for September 2014 contract, at MCX, were trading at Rs 136.85 per kg, up by 0.26 per cent after opening at Rs. 136.50 against the previous closing price of Rs. 136.50. It touched the intra-day high of Rs. 136.90 till the trading. (At 4.10 PM today).
Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

Zinc falls by 0.04% on weak German data 16/09/2014

Zinc falls by 0.04% on weak German data
16/09/2014 16:18
Zinc prices fell by 0.04 per cent on Tuesday at the domestic markets after German economic sentiment deteriorated to the lowest level since December 2012 in September, fuelling concerns over the euro zone's largest economy which reduced the demand for the metal. ZEW Centre for Economic Research said that its index of German economic sentiment fell by 1.7 points to 6.9 this month from August’s reading of 8.6. Zinc futures for September 2014 contract, at MCX, were trading at Rs 137.70 per kg, down by 0.04 per cent after opening at Rs. 137.95 against the previous closing price of Rs. 137.75. It touched the intra-day low of Rs. 136.90 till the trading. (At 4.15 PM today).
However, losses were curbed due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks fell by 500 metric tonnes to 754225 metric tonnes as on September 16, 2014.
Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

Zinc rises by 0.85% on declining stockpiles 24/07/2014

Zinc rises by 0.85% on declining stockpiles
24/07/2014 15:23
Zinc prices rose by 0.85 per cent on Thursday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks fell by 875 metric tonnes to 654950 metric tonnes as on July 24, 2014. Zinc futures for July 2014 contract, at MCX, were trading at Rs 142.80 per kg, up by 0.85 per cent after opening at Rs. 142.20 against the previous closing price of Rs. 141.60. It touched the intra-day high of Rs. 142.90 till the trading. (At 3.20 PM today). Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.