PRODUCTION DECLINE IN CHINA SUPPORTS ZINC
Mar-13-2012
Date: 13.03.2012
Production declines in China Zinc are able to support commodity even after a significant zinc surpluses in the world. National Bureau of Statistics mentioned in their released data that Jan-Feb 2012 production of Zinc was 772000 tons, down 2% from corresponding period last year. Total Zinc production in February was 402000 tons in February 2012, up 2.8% from February 2011. LME Zinc forward contract was trading at $ 2095.75 per ton, up 2.4% from $ 2045.5 per ton on 12 March. MCX Zinc contract for March expiry is trading at Rs 104.4 per kg, up 0.53%.
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