Zinc futures ascend by over 4 per-cent in the local market on yesterday as investors and speculators booked fresh positions in the industrial metal amidst a pickup in physical requirement for zinc in the local spot market.
The case for further China stimulus was also built by a 6th straight drop in industrial profits, went down 1.4 per-cent, year on year in the month of Nov this year
MCX : Dec 2015 contract for Zinc futures closed at Rs 105.15 per kg, up by 4.2 per cent after opening at Rs 101.45, as compared to the previous closing price of 100.9 rs. It reached the intra-day high of Rs 106.15.
The case for further China stimulus was also built by a 6th straight drop in industrial profits, went down 1.4 per-cent, year on year in the month of Nov this yearMCX : Dec 2015 contract for Zinc futures closed at Rs 105.15 per kg, up by 4.2 per cent after opening at Rs 101.45, as compared to the previous closing price of 100.9 rs. It reached the intra-day high of Rs 106.15.
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