Global trend pushes up zinc futures by 0.9%
Speculators enlarged positions, taking positive cues from overseas market and better domestic demand
 "Global trend pushes up zinc futures by 0.9%")
Taking positive cues from overseas market and better domestic demand, zinc futures edged up by 0.91% today as speculators enlarged positions.
In futures trading at the Multi Commodity Exchange, zinc for delivery in May went up Rs 1.25, or 0.91%, to Rs 139.15 per kg, with a business turnover of 533 lots.
Likewise, the metal for delivery in June traded higher by Rs 1.15, or 0.67%, at Rs 112.80 per kg in a turnover of 12 lots.
Traders said besides improved spot demand, a firming trend in the metal overseas helped, where copper and other base metals strengthened the upside.
In futures trading at the Multi Commodity Exchange, zinc for delivery in May went up Rs 1.25, or 0.91%, to Rs 139.15 per kg, with a business turnover of 533 lots.
Likewise, the metal for delivery in June traded higher by Rs 1.15, or 0.67%, at Rs 112.80 per kg in a turnover of 12 lots.
Traders said besides improved spot demand, a firming trend in the metal overseas helped, where copper and other base metals strengthened the upside.