Zinc futures up on global trend, spot demand

NEW DELHI, June 17:  Zinc futures prices today edged up by 0.36 per cent to Rs 126.70 per kg today as speculators enlarged positions, amidst a firm global trend and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in June increased by 45 paise, or 0.36 per cent, to Rs 126.70 per kg, with a business turnover of 302 lots.
Likewise, the metal for delivery in July traded higher by 45 paise, or 0.35 per cent, to Rs 127.45 per kg in a turnover of 19 lots.
Traders said besides improved demand in domestic spot market, a firming trend in base metals overseas on speculation that demand will stabilise in China and the US, the world’s largest metal consumers, supported the upside in zinc futures here. (PTI)

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