Zinc futures end higher on upbeat US demand outlook 20/06/2014

Zinc futures end higher on upbeat US demand outlook
20/06/2014 09:03
Zinc futures ended higher in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Manufacturing activity in the US Philadelphia region expanded in June, signaling a pickup in the world’s biggest economy, lifting the demand outlook for top industrial commodities. The gauge measuring Philadelphia manufacturing rose to 17.8 in June from 15.4 in May, with a reading above 0 signaling expansion. At the MCX, Zinc futures for June 2014 contract closed at Rs. 129.40 per 1 kg, up by 1.13 per cent, after opening at Rs. 127.70, against the previous closing price of Rs. 127.95. It touched an intra-day high of Rs 129.50.

Copper futures up on upbeat US demand outlook : 23/05/2014

Copper futures up on upbeat US demand outlook
23/05/2014 11:19
Copper futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal as manufacturing output in the US rose at the fastest pace in three years as the gauge measuring manufacturing rose to 56.2 in May from 55.4 in the previous month, with a reading above 50 signaling expansion, Markit said, lifting the demand outlook for industrial metals. The index of US leading indicators rose for the fourth month on the trot, up 0.4 per cent in April 2014 from the previous month when it climbed 1 per cent. At the MCX, copper futures for June 2014 contract is trading at Rs. 409.80 per 1 kg, up by 0.58 per cent, after opening at Rs. 408.50, against the previous closing price of Rs. 407.45. It touched an intra-day high of Rs. 410.20. (At 11:05 AM).