Zinc up 0.1% on overseas cues
Increased demand from consuming industries in the spot market supported the uptrend
 "Zinc up 0.1% on overseas cues")
Tracking a firm global trend, zinc prices moved higher by 0.14% in futures trade today as speculators enlarged positions.
Besides, increased demand from consuming industries in the spot market supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in September rose by 20 paise, or 0.14%, to Rs 138.50 per kg in business turnover of 344 lots.
Globally, zinc for delivery in three months rose 0.6% to $2,278 a metric tonne on the London Metal Exchange.
Analysts said fresh positions built-up by speculators in tandem with a firm global trend before industrial output data from China, the biggest consumer of base metals, mainly led to rise in zinc prices at futures trade.
Besides, increased demand from consuming industries in the spot market supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in September rose by 20 paise, or 0.14%, to Rs 138.50 per kg in business turnover of 344 lots.
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Metal for delivery in October contracts traded steady at Rs 139.15 per kg in a turnover of 26 lots.
Globally, zinc for delivery in three months rose 0.6% to $2,278 a metric tonne on the London Metal Exchange.
Analysts said fresh positions built-up by speculators in tandem with a firm global trend before industrial output data from China, the biggest consumer of base metals, mainly led to rise in zinc prices at futures trade.