Zinc futures rose by 0.41% to Rs 133.60 per kg today 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 1725 metric tonnes to 378725 metric tonnes as on June 2, 2016. Zinc futures for June 2016 contract, at MCX, were trading at Rs 133.60 per kg, up by 0.41 per cent after opening at Rs. 133.40 against the previous closing price of Rs. 133.05. 

 

It touched the intra-day high of Rs. 134.75 till the trading. (At 4.10 PM today). Price 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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