CAPITAL STROKE COMMODITY UPDATE 20 MARCH 2014: MCX ZINC

Zinc futures closed higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal amid strong

physical demand for zinc in the domestic spot market. Further, a rise in construction output in the Euro area signaled a pickup in the 18-member

economy, lifting the demand outlook for industrial metals.

Euro area industrial output rose 1.5 per cent in January 2014 over the previous month. At the MCX, Zinc futures for March 2014 contract closed at

Rs. 121.10 per 1 kg, up by 0.29 per cent, after opening at Rs. 120.65, against the previous closing price of Rs. 120.75. It touched an intra-day high

of Rs 121.50.




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