India zinc, lead futures likely to track LME higher

Published on 2009-07-14 09:38:43

Singapore - India July MCX zinc, lead futures likely up on higher LME futures; LME 3-month zinc up 2%, lead 1.1% higher. "Also, most Asian equity markets are trading firm today, which is also likely to support metals," says Kapil Gandhi, trader with STCI Commodities. Zinc last closed at INR71.20/kg, lead at INR75.80/kg, nickel at INR724.30/kg, aluminum at INR75.75/kg.