Zinc futures ended higher in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Investors shrugged off the weak Chinese trade data which showed a slump in the county’s exports and imports last month, raising concerns over a slowdown in the world’s second biggest economy, clouding the demand outlook for industrial metals. China is the world’s biggest metals consumer.
At the MCX, Zinc futures for April 2014 contract closed at Rs. 123.40 per 1 kg, up by 1.36 per cent, after opening at Rs. 122.05, against the previous closing price of Rs. 121.75. It touched an intra-day high of Rs 123.50.
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