20 Apr '11, 9am

Zinc futures up on global cues, spot demand

New Delhi , Apr 20 (PTI) Zinc traded higher by 0.28 per cent to Rs 106.70 per kg in futures market today largely supported by a firming trend overseas and pick-up in demand at the domestic markets. At the Multi Commodity Exchange, zinc for delivery in June traded higher by 30 paise, or 0.28 per cent to Rs 106.70 per kg, with a business volume of two lots. Similarly, the metal for delivery in April inched up by 15 paise, or 0.14 per cent, to Rs 104.25 per kg, with a business volume of four lots. Market analysts said pick-up in demand in the spot market amid a firming trend at the London Metal Exchange (LME) mainly led to the rise in zinc futures prices. Meanwhile, zinc gained one per cent to USD 2,352 a metric tonne at the LME.

Full article: http://sg.news.yahoo.com/zinc-futures-global-cues-spot-de...

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