Zinc futures were trading higher during the morning trade in the domestic market on Monday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets.

Zinc on MCX settled up 0.1% at 151.1 as a drop in global zinc mine supply has squeezed production, helping zinc prices to jump more than 7 % so far this month. Stronger demand in China has come just as zinc face potential supply shortages. A series of mine shutdowns and closures last year have led to demand outstripping supply. In one of the biggest moves Glencore idled 500,000 tonnes of annual production.

At the MCX, zinc futures for July 2016 contract is trading at Rs 151.60 per kg, up by 0.33 per cent, after opening at Rs 151.65, against a previous close of Rs 151.10. It touched the intra-day high of Rs 151.75.

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