Zinc futures strengthen on global cues


Tracking gains in other base metals and a firming trend overseas, zinc continued its upward march in futures trade today and rose by 0.69 per cent to Rs 102.55 per kg. 

At the Multi Commodity Exchange , zinc for delivery in June rose by 70 paise, or 0.69 per cent to Rs 102.55 per kg, with a business turnover of 427 lots. 

The metal for May delivery also gained 65 paise, or 0.65 per cent to Rs 101.30 per kg, with a business volume of 1,732 lots. 

At the London Metal Exchange , zinc increased by 0.2 per cent to USD 2,250 a tonne. 

Analysts attributed the rise in zinc futures to a firming trend in the entire base metals at the LME and better demand at the domestic spot markets.


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