Free commodity tips - Zinc futures advanced in the local market on Thursday as investors and speculators booked fresh positions in the industrial metal amidst a pickup in demand in the domestic spot market.
A regional manufacturing gauge in the US rebounded in November following two negative readings, lifting the demand outlook for the metal in the world’s biggest economy. The Philadelphia Manufacturing Index stood at 1.9 in November, compared to -4.5 in October, with a reading above o signaling expansion.
At the MCX, Zinc futures for November 2015 contract closed at Rs 100.45 per kg, up by 0.60 per cent after opening at Rs 99.25, against the previous closing price of Rs 99.85. It touched the intra-day high of Rs 100.65.
