Zinc Futures Rise as Industrial Demand Peaks
Zinc prices climbed on MCX today as consuming industries ramped up spot demand amid tightening supply.
NEW DELHI-Zinc prices on Monday rose 95 paise to ₹313.90 per kilogram in futures trade on the Multi Commodity Exchange (MCX). This uptick is driven by a significant pick-up in spot demand and increased position-building by participants following bullish cues.
Market experts attribute the price surge to robust consumption from the galvanizing and construction sectors. With a business turnover of 5,323 lots, the January delivery contracts gained 0.3%, reflecting a positive outlook for base metals as global inventories remain lean.
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