For Quick Alerts
For Daily Alerts

Zinc drops on rising stockpiles

By Religare

Zinc futures fell by 1.81 per cent to Rs 116.75 per kg in futures trade today due to the surge in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks rose by 1376 metric tonnes to 464302 metric tonnes as on August 21, 2015.

Zinc futures for August 2015 contract, at MCX, were trading at Rs 116.75 per kg, down by 1.81 per cent after opening at Rs. 119.10 against the previous closing price of Rs. 118.90. It touched the intra-day high of Rs.116.40 till the trading. (At 4.00 PM today).


Sentiment weakened further as speculators reduced positions in the midst of a weak trend overseas. Besides, low demand in domestic spot markets fuelled the downtrend.

Story first published: Friday, August 21, 2015, 23:00 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more