Friday, June 7, 2013

Zinc down 0.2% on profit-booking


Metal's gain at the London Metal Exchange, limited the fall. Amid profit-booking by speculators and sluggish subdued demand, zinc futures prices today edged lower by 0.23% to Rs 109.80 per kg.  However, metal's gain at the London Metal Exchange, limited the fall.  At the Multi Commodity Exchange, MCX zinc for delivery in July shed 25 paise, or 0.23%, to Rs 109.80 per kg, with a business turnover of 55 lots.
Zinc for delivery in June shed 20 paise, or 0.18%, to Rs 108.75 per kg, with a business turnover of 1,455 lots.  Marketmen said besides subdued trend in the spot market, profit-booking by speculators mainly put presure on zine futures trade.

Source : Business-Standard

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