Indian zinc futures marginally up on overseas cues
Time:Thu, 18 Sep 2014 09:32:52 +0800
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Indian zinc futures prices edged up by 0.29% to INR 138.15 per kilogram as participants enlarged positions amid a firming trend at the London Metal Exchange and rising spot demand.
At the Multi Commodity Exchange, zinc for delivery in September moved up by 40 paise, or 0.29%, to INR 138.15 per kilogram with a business turnover of 200 lots.
The metal for delivery in October also rose marginally by 35 paise, or 0.25%, to INR 138.90 per kilogram in a business volume of five lots.
Marketmen said that fresh positions created by participants on firming trend in the base metals pack overseas on speculation that recent losses were excessive and pick up in spot demand, supported the rise in zinc futures.
