Zinc tips - Zinc futures were trading with modest gains during the noon session in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal amidst a pickup in physical demand for zinc in the domestic spot market.
However, fears that a worsening economic slowdown in China, the world’s biggest metals consumer, may curb demand for industrial metals, trimmed gains in Zinc as a fifth straight drop in China’s exports in November signaled a growing gloom in Asia’s biggest economy.
Overseas shipments of China tumbled by 6.8 per cent, in dollar terms in November 2015 from the same month a year ago, while imports plunged for a record 13th straight month, falling 8.7 per cent.
At the MCX, Zinc futures for December 2015 contract is trading at Rs 101.25 per 1 kg, up by 0.25 per cent after opening at Rs 101.35, against the previous closing price of Rs 101. It touched the intra-day high of 101.65.
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