Friday, July 31, 2009

India zinc futures up 1.7% on LME rise

Published on 2009-07-31 13:58:48


Singapore - India July MCX Zinc futures trading up 1.7% at new contract high of INR82.60/kg, tracking firm LME three-month futures. "The whole of the metal basket is on a buying spree after making fresh year's high in LME. Also, a weak U.S. dollar is supporting the rally," says STCI Commodities trader Kapil Gandhi. In other metals, aluminum up 0.3% at INR89.70/kg, lead up 1.6% at INR88.20/kg, nickel trading 0.8% higher at INR834.70/kg

http://www.moneycontrol.com/commodity/comm_news.php?autono=103351&type=MKT

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