Zinc futures up 0.11% on overseas trend, spot demand

NEW DELHI, Oct 22:  Taking positive cues from the global markets and better domestic demand, zinc futures today edged up by 0.11 per cent to Rs 135.70 per kg as speculators enlarged positions.
At the Multi Commodity Exchange, zinc for delivery in October was up by 15 paise, or 0.11 per cent, to Rs 135.70 per kg, with a business turnover of 256 lots.
The metal for delivery in November also rose by 5 paise, or 0.04 per cent, to Rs 136 per kg in a business volume of six lots.
Marketmen said improved demand in the spot market amid a firming trend in select base metals overseas before a report projected to show sustained manufacturing expansion in China, the biggest consumer of industrial metals, influenced zinc prices at futures trade here.
Globally, zinc for delivery in three months at the London Metal Exchange climbed 0.2 per cent to USD 2,215.25 a tonne. (PTI)

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