DAILY BASE METAL REPORT FROM RESEARCH VIA

Base Metals & Energy

DAILY BUZZ

ZINC

Zinc traded higher by 0.33 per cent to Rs 138.25 per kg in futures market today as speculators enlarged positions amid a firming global trend and rising domestic demand.

At the Multi Commodity Exchange, zinc for delivery in July edged up by 45 paise, or 0.33 per cent, to Rs 138.25 per kg in a business turnover of 4,553 lots.

In a similar fashion, the metal for delivery in August traded higher by a similar margin to Rs 138.90 per kg in 212 lots.

NICKEL

Nickel prices moved up by 0.28 per cent to Rs 1,161.70 per kg in futures trading today after speculators enlarged positions, tracking a firm trend at spot market on rising demand from alloy-makers.

However, metal weakened at the London Metal Exchange (LME).

At the Multi Commodity Exchange, nickel for delivery in July rose by Rs 3.20, or 0.28 per cent to Rs 1,161.70 per kg in business turnover of 3448 lots.

Similarly, the metal for delivery in August contract edged up by Rs 2.20, or 0.19 per cent to Rs 1,168.20 per kg in 114 lots. 

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