Zinc futures rise on overseas cues

08/03/2017 16:46

Zinc futures were trading higher during evening trade in the domestic market on Wednesday as investors and speculators extended their positions in the industrial metal after upbeat Chinese trade data eclipsed an overall drop in the country’s imports of refined metal.

China unexpectedly posted a rare trade deficit in February as imports surged far more than expected to feed a months-long construction boom.

At the MCX, zinc futures for March 2017 contract is trading at Rs 180.25 per kg, up by 0.47 per cent, after opening at Rs 180.20, against a previous close of Rs 179.40. It touched the intra-day high of Rs 180.85 (at 16:40 hours).

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