Zinc marginally up by 0.13%

Increased manufacturing in China also pulled up the price

Zinc futures prices rose marginally by 0.13% to Rs 112.65 per kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, the January contract edged up by 15 paise, or 0.13%, to Rs 112.50 per kg, with a business turnover of 370 lots.

Likewise, the December contract traded higher by 5 paise, or 0.04% to Rs 111.70 per kg, with a business turnover of 355 lots.

Marketmen said the prices rose as a result of improved spot market demand and a firming trend in base metals overseas as manufacturing in China expanded at the fastest pace thus boosting optimism that demand will improve in China.