Saturday, November 29, 2025 | 08:05 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Zinc up 0.7% on overseas cues

Increased demand from consuming industries in the spot market supported the uptrend

Press Trust of India New Delhi

Don't want to miss the best from Business Standard?

Tracking a firm global trend, zinc prices were higher by 0.77% to Rs 130.40 per kg in futures trade today as speculators created positions.

Besides, increased demand from consuming industries in the spot market supported the uptrend.

At the Multi Commodity Exchange, zinc for delivery in June rose by Re 1, or 0.77% to Rs 130.40 per kg in business turnover of 1,857 lots.

In a similar fashion, the metal for delivery in July contracts traded higher by the same margin to 131.10 per kg in 231 lots.

Globally, zinc for delivery in three months climbed 0.9% to $2,173 a metric tonne, the highest since February 2013 on the London Metal Exchange (LME).
 

Make smarter market moves with The Smart Investor. Daily insights on buzzing stocks and actionable information to guide your investment decisions delivered to your inbox.


Analysts said fresh positions built-up by speculators in tandem with a firm global trend on concern that supply will remain tight amid falling exchange inventories, mainly led to rise in zinc prices at futures trade.

Meanwhile, stockpiles tracked by the LME have dropped 28% this year to the lowest since December 2010.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 20 2014 | 12:18 PM IST

Explore News