Published on 12/01/2018 2:20:31 PM | Source: Dion Global Solutions Ltd

Zinc futures up on increasing demand

Posted in Commodity Top News| #Zinc #MCX #Commodity

Zinc futures were trading higher during the afternoon trade in the domestic market on Friday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets. Market analysts attributed the rise in zinc futures to fresh bets created by participants on the back of rising demand at the domestic spot market.

At the MCX, zinc futures for January 2018 contract was trading at Rs 217.15 per kg, up by 0.23 per cent, after opening at Rs 216.55, against a previous close of Rs 216.65. It touched the intra-day high of Rs 217.80.