Base Metals & Energy
ZINC
Zinc futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for the base metal.
Manufacturing activity in China, the world’s biggest metals consumer, rebounded into expansion territory this month, lifting the demand outlook for industrial metals.
At the MCX, Zinc futures for June 2014 contract is trading at Rs. 131 per 1 kg, up by 0.34 per cent, after opening at Rs. 130.75, against the previous closing price of Rs. 130.55. It touched an intra-day high of Rs. 131.10.
CRUDE OIL
Crude oil futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market as extremists in Iraq seized control of more territory in the country, raising concerns over shrinking supplies from the OPEC’s second biggest crude producer.
At the MCX, Crude Oil futures, for the July 2014 contract, is trading at Rs 6,485 per barrel, up by 0.39 per cent, after opening at Rs 6,470, against a previous close of Rs 6,460. It touched an intra-day high of Rs 6,492.
