Mcx crude tips : On yesterday, Zinc futures marked a bullish finish in the domestic market as investors and speculators booked fresh positions in the industrial metal amid firm physical requirement for Zinc in the domestic spot market.
Moreover, the gains in the metal were controlled by fears that a worsening slow-down in country China, the world’s 2nd biggest metals consumer, may cap demand for Zinc. Industrial profits in China nosedived 8.8 per-cent, year on year in August 2015, worsening from a 2.9 per-cent drop in July 2015, signaling deepening woes of the world’s 2nd biggest economy.
At the MCX, September 2015 contract for Zinc futures closed at Rs 107.7 per kg, up by 0.56 per-cent after opening at Rs 107.65,in against with the previous closing price of Rs 107.1. It reached the intra-day high of Rs 108.5.
Moreover, the gains in the metal were controlled by fears that a worsening slow-down in country China, the world’s 2nd biggest metals consumer, may cap demand for Zinc. Industrial profits in China nosedived 8.8 per-cent, year on year in August 2015, worsening from a 2.9 per-cent drop in July 2015, signaling deepening woes of the world’s 2nd biggest economy.
At the MCX, September 2015 contract for Zinc futures closed at Rs 107.7 per kg, up by 0.56 per-cent after opening at Rs 107.65,in against with the previous closing price of Rs 107.1. It reached the intra-day high of Rs 108.5.
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