Gain in stocks drags down Zinc futures
11/12/2014 16:22
Zinc prices fell by 0.66 per cent on Thursday at the domestic markets due to the surge in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks rose by 5700 metric tonnes to 687550 metric tonnes as on December 11, 2014. Zinc futures for December 2014 contract, at MCX, were trading at Rs 134.65 per kg, down by 0.66 per cent after opening at Rs. 135.90 against the previous closing price of Rs. 135.55. It touched the intra-day low of Rs. 134.55 till the trading. (At 4.15 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.
11/12/2014 16:22
Zinc prices fell by 0.66 per cent on Thursday at the domestic markets due to the surge in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks rose by 5700 metric tonnes to 687550 metric tonnes as on December 11, 2014. Zinc futures for December 2014 contract, at MCX, were trading at Rs 134.65 per kg, down by 0.66 per cent after opening at Rs. 135.90 against the previous closing price of Rs. 135.55. It touched the intra-day low of Rs. 134.55 till the trading. (At 4.15 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.
