Zinc futures higher on physical demand, US data
17/06/2014 11:54
Zinc futures rose in the domestic market on Tuesday 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, a rebound in US industrial output signaled a pickup in the world’s biggest economy, lifting the demand outlook for industrial metals. US industrial output climbed 0.6 per cent in May 2014 over the previous month. Zinc futures for June 2014 contract, at MCX, were trading at Rs 126.50 per kg, up by 0.20 per cent after opening at Rs. 124.45 against the previous closing price of Rs. 126.25. (At 11:35 AM).
17/06/2014 11:54
Zinc futures rose in the domestic market on Tuesday 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, a rebound in US industrial output signaled a pickup in the world’s biggest economy, lifting the demand outlook for industrial metals. US industrial output climbed 0.6 per cent in May 2014 over the previous month. Zinc futures for June 2014 contract, at MCX, were trading at Rs 126.50 per kg, up by 0.20 per cent after opening at Rs. 124.45 against the previous closing price of Rs. 126.25. (At 11:35 AM).
