Zinc up 0.1% on spot demand

Zinc futures prices today edged up by 0.17% to Rs 121.25 per kg after speculators built-up positions amid a firming trend in the spot market on good demand.

However, metal's weakness at the London Metal Exchange (LME) limited the gains.

At the Multi Commodity Exchange, zinc for delivery in May edged up by 20 paise, or 0.17%, to Rs 121.25 per kg with a business turnover of 3 lots.

The metal for delivery in April gained 15 paise, or 0.12%, to trade at Rs 120.45 per kg with a business turnover of 398 lots.

Traders said fresh positions created by speculators on the back of improved demand in the spot market helped zinc futures to trade higher but that metal's losses at the LME limited the upside.

http://www.business-standard.com/article/markets/zinc-up-0-1-on-spot-demand-114040400331_1.html