Wednesday, February 8, 2012

MCX Zinc Live News




MCX Zinc prices showed a sharp rise in the upward direction on Wednesday after rising EURO infused buying in Dollar denominated counters.. Optimistic about the debt deal in Greece traders are pushing the prices forward. 

Zinc on warrant registered a rise of 1601 tons to 193013 tons. A rise in on-warrants suggests that the metal is bound in the warehouses. The weekly inventories reported last Friday were also up by 5717 tons to 373124 tons. 

Meanwhile, MCX Zinc futures are trading at Rs 105.1 per kg, up 1%. Resistance for the contract is at Rs 105.9

www.goldennifty.com

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