17 May '11, 2pm

Zinc futures up in range-bound trade

New Delhi, May 17 (PTI) Zinc prices rose 0.15 per cent to Rs 97.40 per kg in futures trading today tracking gains in base metals at the London Metal Exchange . At the Multi Commodity Exchange, zinc for delivery in June traded higher by 15 paise, or 0.15 per cent to Rs 97.40 per kg, with a business turnover of 20 lots. Similarly, the metal for delivery in May gained 10 paise, or 0.10 per cent to Rs 96.25 per kg, with a business volume of 394 lots. Market analysts said a firm trend in the entire base metals at the London Metal Exchange and some demand at the domestic spot market, mainly led to the recovery in zinc futures prices here. Meanwhile, at the London Metal Exchange, zinc was up by 0.3 per cent to USD 2,161 a tonne.

Full article: http://sg.news.yahoo.com/zinc-futures-range-bound-trade-1...

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