Zinc Updates - Zinc futures rose by 1.46 per cent to Rs 115.05 per kg today as speculators increased positions in the midst of a strong trend globally. Besides, high demand in domestic spot markets fueled the uptrend. Zinc futures for January 2016 contract, at MCX, were trading at Rs 115.05 per kg, up by 1.46 per cent after opening at Rs. 114.35 against the previous closing price of Rs. 113.40. It touched the intra-day high of Rs. 115.70 till the trading. (At 4.15 PM today). Prices also surged due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 1575 metric tonnes to 474450 metric tonnes as on February 3, 2016.
Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.
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