NEW DELHI: Zinc traded shade higher by 0.58 per cent to Rs 104.80 per kg in futures trade today, after speculators enlarged positions, driven by a firming trend in the Asian region.
On the Multi Commodity Exchange, zinc for delivery in June edged higher by 60 paise, or 0.58 per cent, to Rs 104.80 per kg, with a trading volume of 571 lots.
The metal for the July delivery also moved up by 40 paise, or 0.57 per
cent to Rs 105.40 per kg, with a trade turnover of 28 lots.
Analysts said besides a firming trend in copper and other base metals at
the Shanghai Futures Exchange, pick-up in demand in the spot markets
also pushed up zinc futures prices.
Meanwhile, the London Metal Exchange is closed for the Queen's Diamond Jubilee Holiday on June 4 and June 5.
http://economictimes.indiatimes.com/markets/commodities/zinc-futures-up-on-strong-spot-demand-asian-cues/articleshow/13842128.cms
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