Zinc prices rose by 1.54 per cent on Thursday due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. 

                    LME zinc stocks fell by 50 metric tonnes to 385025 metric tonnes as on May 26, 2016. Zinc futures for May 2016 contract, at MCX, were trading at Rs 125.55 per kg, up by 1.54 % after opening at Rs. 124.15 against the previous closing price of Rs. 123.65. It touched the intra-day high of Rs.125.85 till the trading. (At 4.12 PM today). Prices also rose as speculators raised positions in the midst of a strong trend globally.  

                                   Besides, high demand in domestic spot markets fueled the uptrend. Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

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