Zinc Futures Surge 1.32% On Uptick In Demand

Zinc futures rose over 1 per cent during evening trade in the domestic market on Friday as investors and speculators extended their positions in the industrial metal on rise in demand after recent price fall. However, according to Reuters poll, pace of expansion in China's manufacturing sector likely to be slowed down this month as factory-gate price-growth slowed and authorities moved to tackle risks in the property market and credit growth, capped gains further. 

At the MCX, zinc futures for April 2017 contract is trading at Rs 169.20 per kg, up by 1.32 per cent, after opening at Rs 168.10, against a previous close of Rs 167. It touched the intra-day high of Rs 169.60.

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