Today Rising demand lifts zinc futures by 0.36%

 

Zinc futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators widened their bets in the industrial metal amid uptick in physical demand from consuming industries at the domestic spot markets.

Further, participants indulged in building up their positions in the industrial metal led by rise in physical demand from consuming industries, supported prices of zinc at futures trade.

At the MCX, zinc futures for November 2016 contract is trading at Rs 168.75 per kg, up by 0.36 per cent, after opening at Rs 168.35, against a previous close of Rs 168.15. It touched the intra-day high of Rs 169.20.

 

 

Read more - Zinc updates

Today Zinc futures little changed on muted demand

 

Zinc futures were little changed during the morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the industrial metal amid muted physical demand from consuming industries at the domestic spot markets.

Further, participants indulged in trimming their positions in the industrial metal due to slide in physical demand from consuming industries, influenced prices of zinc at futures trade.

At the MCX, zinc futures for November 2016 contract is trading at Rs 164.65 per kg, down by 0.09 per cent, after opening at Rs 164.65, against a previous close of Rs 164.80. It touched the intra-day low of Rs 164.25.

 

Read More - Zinc Updates

Today Zinc futures gain on upsurge in demand in Market

 

Zinc futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators build up fresh positions in the industrial metal amid subdued physical demand from consuming industries at the domestic spot markets.

Further, participants indulged in widening their positions in the industrial metal led by rise in demand from consuming industries, supported prices of zinc at futures trade.

At the MCX, zinc futures for October 2016 contract is trading at Rs 158.05 per kg, up by 0.32 per cent, after opening at Rs 158, against a previous close of Rs 157.55. It touched the intra-day high of Rs 158.30 e

Read more - Zinc updates

Uptick in demand lifts zinc futures by 0.13%

Zinc futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators widened their positions in the industrial metal amid a surge in demand from consuming industries at the domestic spot markets.

Further, participants build up fresh positions in the industrial metal due to a rise in demand from consuming industries, supported prices of zinc at futures trade. 

At the MCX, zinc futures for October 2016 contract is trading at Rs 160.20 per kg, up by 0.13 per cent, after opening at Rs 159.85, against a previous close of Rs 160. It touched the intra-day high of Rs 160.20.

Read More - Zinc Updates

Zinc futures Drags by 0.46% Sluggish demand in the Market

 

Zinc futures were trading lower during the morning trade in the domestic market on Tuesday as participants trimmed their positions led by a decline in the spot demand from consuming industries at the domestic spot markets.

Further, a fall in demand for zinc at the domestic spot market was led by cutting down of bets by traders in the spot markets, influenced zinc prices at futures trade.

At that MCX, zinc futures for August 2016 contract is trading at Rs 151.85 per kg, down by 0.46 per cent, after opening at Rs 152.20, against a previous close of Rs 152.55. It touched the intra-day low of Rs 151.85 

 

Read More - Zinc Updates

 

 

Today Zinc futures fall on subdued Demand At the market

 

Zinc futures were trading lower during the morning trade in the domestic market on Thursday as speculators trimmed their bets in the industrial metal amid subdued demand in the spot market. Further, reduction in demand from the consuming industries in the domestic spot markets, influenced the downtrend.

At the MCX, zinc futures for July 2016 contract is trading at Rs 145.65 per kg, down by 0.10 per cent, after opening at Rs 145.80, against a previous c lose of Rs 145.80. It touched the intra-day low of Rs 145.45 

 

Read More - Zinc updates 

Zinc Updates - High Demand lifts Zinc futures

Zinc futures rose by 0.69 per cent to Rs 115.70 per kg in futures trade today as speculators raised positions in the midst of a strong trend overseas. Besides, high demand in domestic spot markets fuelled the uptrend. Zinc futures for February 2016 contract, at MCX, were trading at Rs 116.70 per kg, up by 0.69 per cent after opening at Rs. 116.35 against the previous closing price of Rs. 115.90. It touched the intra-day high of Rs. 116.85 till the trading.
 

Prices also rose 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 950 metric tonnes to 458725 metric tonnes as on February 15, 2016.
 

Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

Zinc Bulls in control on firm physical demand

Zinc futures rose sharply in the domestic market during evening trade in the domestic market on Monday 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, concerns that global output cuts may not be enough to offset weakening demand from China, the world’s biggest consumer of the metal, curbed gains in Zinc futures.

Moreover, demand for zinc from the world’s second biggest economy, China, is set to weaken this week due to the Lunar New Year holidays when markets, businesses and factories stay shut.

At the MCX, Zinc futures  for February 2016 contract is trading at Rs 114.65 per kg, up by 0.97 per cent after opening at Rs 113.35, against the previous closing price of Rs 113.55. It touched the intra-day high of Rs 115.75.

Evening Updates - Zinc Gains 1.46 pct as Demand Picks Up

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.

Zinc Updates - Weak buying activity drags down Zinc futures

Zinc Updates -  Zinc futures fell by 1.81 per cent to Rs 108.45 per kg in futures trade today as speculators reduced positions in the midst of a weak trend overseas. Besides, low demand in domestic spot markets fuelled the downtrend. Zinc futures for January 2016 contract, at MCX, were trading at Rs 108.45 per kg, down by 1.81 per cent after opening at Rs. 109.30 against the previous closing price of Rs. 110.45. It touched the intra-day low of Rs. 108.15 till the trading.

However, losses were curbed 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 2700 metric tonnes to 473325 metric tonnes as on February 1, 2016.
 

Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

Zinc futures Surged in the Domestic Market

Zinc updates - Zinc futures surged in the domestic market during noon trade on Thursday as investors and speculators booked fresh positions in the industrial metal amidst a pickup in physical demand for zinc in the domestic spot market.

Further, fresh monetary policy measures in Japan aimed at bolstering growth in the world’s third biggest economy lifted the demand outlook for the metal as the Bank of Japan adopted negative interest rates to spur lending while maintaining its record asset purchase program which includes its 80 trillion yen annual government bond purchases. The apex bank introduced a rate of minus 0.1 per cent on certain excess holdings of cash.

At the MCX, Zinc futures for January 2016 contract is trading at Rs 107.85 per kg, up by 0.33 per cent after opening at Rs 107.6, against the previous closing price of Rs 107.5. It touched the intra-day high of Rs 107.9.

Zinc futures Retreated in the Domestic Market

Zinc Updates - Zinc futures retreated in the domestic market on Monday as investors and speculators exited positions in the industrial metal amidst tepid physical demand for zinc in the domestic spot market.

Further, traders weighed mixed US economic data which cast uncertainty over the base metal’s near-term demand outlook. A gauge of US leading indicators declined for the first time in three months in December 2015, down by 0.2 per cent from the prior month, raising fears over a slowdown in the world’s biggest economy.
 

However, US existing home sales climbed by a record 14.7 per cent to a 5.46 million annual pace in December while the gauge measuring manufacturing climbed to 52.7 this month from 51.2 in December.
 

At the MCX, Zinc futures for January 2016 contract is trading at Rs 101.5 per kg, down by 0.49 per cent after opening at Rs 101.6, against the previous closing price of Rs 102. It touched the intra-day low of Rs 101.4.

Zinc Bites the Dust on weak physical Demand

Zinc futures plunged by over 1 per cent during noon trade in the domestic market on Monday as investors and speculators exited positions in the industrial metal amidst weak physical demand for Zinc in the domestic spot market.

A worsening rout in China’s equities threatened to signal deep-rooted problems in the world’s second biggest economy, clouding the demand outlook for industrial metals. China’s benchmark stock market index, the Shanghai Composite slid 3.36 per cent on Monday as traders reacted to weaker than expected December inflation numbers.
 

China’s factory-gate prices fell for a record 46th month on the trot in December 2015, down 5.9 per cent, year on year while consumer inflation remained at about half of the government’s 2015 target, signaling a worsening slowdown in the world’s second biggest economy.
 

At the MCX, Zinc futures for January 2016 contract closed at Rs 99.65 per kg, down by 1.09 per cent after opening at Rs 100.7, against the previous closing price of Rs 100.75. It touched the intra-day low of Rs 99.6

Zinc Extends Losses On Weak Physical Demand

Zinc futures ended lower in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amidst subdued physical demand for zinc in the domestic spot market. Further, a gloomy demand outlook in China, the world’s biggest metals consumer, weighed as the country’s manufacturing activity contracted for the tenth month on the trot in December while stocks in China extended a New Year rout, with the benchmark Shanghai Composite falling 0.26 per cent even after the Chinese securities market regulator vowed to combat stock market volatility by improving a circuit breaker system that saw stock trading halted amidst Monday’s severe sell-off, while the People’s Bank of China pumped in cash into the banking system via the biggest reverse repurchase agreements since September. At the MCX, Zinc futures for January 2016 contract closed at Rs 104.35 per kg, down by 0.14 per cent after opening at Rs 104.45, against the previous closing price of Rs 104.5. It touched the intra-day low of Rs 103.65.

Zinc Bites The Dust on Tepid Physical Demand

Zinc updates - Zinc futures fell by over 1 per cent in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amidst sluggish physical demand for zinc in the domestic spot market.

However, the losses in the base metal were curbed by speculation that further monetary & fiscal stimulus in China, the world’s biggest metals consumer, may bolster zinc demand. China’s government stressed on the need to make monetary policy more “flexible” and fiscal policy more “forceful” with the country’s economy staring at the weakest pace of expansion in more than two decades this year. Further, concerns over a China slowdown eased as a leading index advanced at a quicker pace last month. The Conference Board said that its China leading economic index climbed 0.6 per cent in November from October, when it advanced 0.3 per cent.

At the MCX, Zinc futures for December 2015 contract closed at Rs 99.9 per kg, down by 1.04 per cent after opening at Rs 100.45, against the previous closing price of Rs 100.95. It touched the intra-day low of Rs 99.6.

Zinc Higher On Strong Physical Demand in Noon trade

 

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.

Zinc futures plunged by Nearly 4 % in the Domestic Market

 

Zinc futures plunged by nearly 4 per cent in the domestic market on Monday as investors and speculators exited positions in the industrial metal after poor China factory and fixed asset investment data for August underscored concerns over the health of the world’s second biggest economy, darkening the demand outlook for Zinc, with China being the largest global consumer of the metal.

China's industrial output advanced 6.1 per cent in August 2015, year on year, trailing estimates of 6.5 per cent while urban fixed-asset investment, a key growth driver, expanded at the slowest pace in 15 years, at 10.9 per cent, year on year in the January-August 2015 period, and down from an annual 11.2 per cent rise in the first seven months of the year.

Weak physical demand for Zinc in the domestic spot market also hurt sentiment.

Traders cast aside data showing the biggest increase in Euro area industrial output since February, up 0.6 per cent in July, signaling a pickup in the 19-member economy.

At the MCX, Zinc futures for September 2015 contract closed at Rs 115.9 per kg, down by 3.98 per cent after opening at Rs 120, against the previous closing price of Rs 120.7. It touched the intra-day low of Rs 115.60.

 

Read More - Zinc News 

Weak Physical Demand Weighs On Zinc

Zinc futures succumbed to mild losses in the domestic market on Wednesday as investors and speculators exited positions in the industrial metal amid tepid physical demand for zinc in the domestic spot market.
 

However, easing worries over China, the world’s biggest metals consumer lifted the demand outlook for zinc as stock markets in the country jumped over 2 per cent, amid signs that the nation may be able to maintain stability in the country’s equity market as Chinese Premier Li Keqiang vowed that growth in the world’s second biggest economy is stabilizing even as it faces downward pressure. China’s finance ministry unveiled plans to boost economic growth including a likely cut in taxes for small businesses and allocation of funding for infra projects.
 

At the MCX, Zinc futures for September 2015 contract closed at Rs 121 per 1 kg, down by 0.12 per cent after opening at Rs 121.65, against the previous closing price of Rs 121.15. It touched the intra-day low of Rs 120.65.

Read more - Zinc News

Zinc Succumbed to losses in the Domestic Market

 

Zinc succumbed to losses in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amid fears that a worsening economic slowdown in China, the world’s biggest metals consumer may curb demand for zinc.

An official factory gauge for China plunged to the lowest level in three years at 49.7 in August, below the mark of 50 that separates contraction and expansion. Meanwhile, a private factory gauge contracted at the fastest pace in more than six years in August 2015 as the PMI tumbled to 47.3 from 47.8 in July.

China’s benchmark index, the Shanghai Composite plummeted by over 1 per cent on Tuesday, following up on Monday’s losses of 0.80 per cent as a continued slump in stocks in China threatened to signal deep-rooted problems in the country’s economy, darkening the demand outlook for zinc.

Meanwhile, a Euro area manufacturing gauge fell to 52.3 in August from 52.4 in July, signaling a slowdown in the 19-member economy, clouding the demand outlook for the metal.

At the MCX, Zinc futures for September 2015 contract closed at Rs per 120.55 per 1 kg, down by 0.62 per cent after opening at Rs 120.90, against the previous closing price of Rs 121.30. It touched the intra-day low of Rs 119.55.

Read more - Zinc tips

Soft physical demand, weak China demand outlook bites Zinc

 Zinc futures slid in the domestic market on Monday as investors and speculators exited positions in the industrial metal tracking weak physical demand for Zinc in the domestic spot market while concerns that demand from China, the world’s biggest metals consumer, may be curbed following the massive Yuan devaluations last week which will make the metal more expensive for buyers in the country, also soured sentiment. Further, China’s economic slowdown has deepened lately with exports and imports contracting sharply in July, while gains in industrial output, urban fixed asset investment and retail sales came in below estimates, signaling a gloomy outlook for industrial metals. Meanwhile, Japan’s economy shrank at an annualized pace of 1.6 per cent in the April-June 2015 quarter, following a 3.9 per cent expansion in Q1, also weighing on sentiment.  At the MCX, Zinc futures for August 2015 contract closed at Rs per 118.65 1 kg, down by 0.63 per cent after opening at Rs 119.20, against the previous closing price of Rs 119.40. It touched the intra-day low of Rs 118.40.                                                    Read More -  Base Metal Tips