Zinc up 0.1% on spot demand

Market analysts said improved demand from consuming industries in the domestic spot market led to the rise

Zinc futures rose by 0.11% to Rs 142.10 per kg today as speculators enlarged positions amid strong domestic demand.

At the Multi Commodity Exchange, zinc for delivery in November edged up by 15 paise, or 0.11%, to Rs 142.10 per kg, in a business turnover of 159 lots.

Market analysts said improved demand from consuming industries in the domestic spot market mainly led to rise in zinc prices in futures trade here.

However, a subdued trend overseas after data showed continued manufacturing weakness in China, capped the rise.