Published on 2009-09-01 09:41:08
Singapore - India September MCX zinc futures likely to open lower tracking 1.3% fall in LME three-month futures, but may pick up later in day on positive global equity markets. "LME was closed yesterday, so the quotes are reflecting the past day's decline in the global markets," says STCI Commodities trader Kapil Gandhi. Other metals also likely down on weak LME. Zinc last settled at INR90/kg, nickel at INR929.20/kg, aluminum at INR90.95/kg while lead closed at INR102.50/kg.
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