Downbeat US consumer sentiment data dampens Zinc
30/03/2015 12:23
Zinc futures fell in the domestic market on Monday as investors and speculators exited positions in the industrial metal as a fall in US consumer confidence in the month of March, signaled a slowdown in the world’s biggest economy, darkening the demand outlook for industrial metals.
The gauge measuring US consumer sentiment fell to 93 in March from 95.4 in February.
At the MCX, Zinc futures for March 2015 contract is trading at Rs 129.90 per 1 kg, down by 0.23 per cent after opening at Rs 129.90, against the previous closing price of Rs 130.20. It touched the intra-day low of Rs 129.40. (At 12:03 PM).
30/03/2015 12:23
Zinc futures fell in the domestic market on Monday as investors and speculators exited positions in the industrial metal as a fall in US consumer confidence in the month of March, signaled a slowdown in the world’s biggest economy, darkening the demand outlook for industrial metals.
The gauge measuring US consumer sentiment fell to 93 in March from 95.4 in February.
At the MCX, Zinc futures for March 2015 contract is trading at Rs 129.90 per 1 kg, down by 0.23 per cent after opening at Rs 129.90, against the previous closing price of Rs 130.20. It touched the intra-day low of Rs 129.40. (At 12:03 PM).
