Upbeat China demand outlook lifts Zinc 07/04/2015

Upbeat China demand outlook lifts Zinc
07/04/2015 09:40
Zinc futures climbed in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal after a faster expansion in services activity in China, the world’s biggest metals consumer, signaled an easing slowdown in the country’s economy, lifting the demand outlook for zinc.
The HSBC China Services PMI rose to 52.3 in March from 52 in February, with a reading above 50 signaling expansion. A combined gauge measuring Chinese services and manufacturing remained at a five-month high of 51.8 in March.
At the MCX, Zinc futures for April 2015 contract closed at Rs 132.60 per 1 kg, up by 0.11 per cent after opening at Rs 132.50, against the previous closing price of Rs 132.45. It touched the intra-day high of Rs 134.50 till the closing.

Physical demand, upbeat US demand outlook lifts Zinc 02/12/2014

Physical demand, upbeat US demand outlook lifts Zinc
02/12/2014 09:40
Zinc futures ended higher in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market.
Further, strong US factory data signaled a pickup in the world’s biggest economy, lifting the demand outlook for industrial metals. The US ISM Manufacturing PMI expanded at the second highest level since April 2011 at 58.7 in November, with a reading above 50 signaling expansion.
At the MCX, Zinc futures for December 2014 contract closed at Rs. 138.95 per 1 kg, up by 0.80 per cent, after opening at Rs. 137.30, against the previous closing price of Rs. 137.85. It touched an intra-day high of Rs 139.15.

Mixed US economic data weighs on Zinc 26/11/2014

Mixed US economic data weighs on Zinc
26/11/2014 09:31
Zinc futures ended lower in the domestic market on Tuesday as investors assessed whether the recent reduction in interest rates in China may lead to a pickup in demand and spur a revival in the world’s second biggest economy. Investors weighed mixed US economic data which showed an upward revision in third quarter growth numbers but a dip in consumer confidence this month and a slowdown in home price gains marred sentiment. US Q3 GDP growth was upwardly revised from 3.5 per cent to 3.9 per cent but the gauge measuring consumer confidence slid to a five-month low of 88.7 in November. Home prices in 20 US cities rose at the weakest pace since October 2012, up 4.9 per cent in September 2014, year on year. At the MCX, Zinc futures for November 2014 contract closed at Rs. 140.25 per 1 kg, down by 0.64 per cent, after opening at Rs. 141.25, against the previous closing price of Rs. 141.15. It touched an intra-day low of Rs 139.90