Wednesday, 2 March 2016
Today's Mcx Market Update on Zinc
Zinc futures advanced during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal amidst a pickup in physical demand for Zinc in the domestic spot market.
Further, sentiment was also boosted after data showed that US construction spending jumped 1.5 per cent to the highest level since October 2007 in January 2016 from the previous month, signaling a firm recovery in the world’s biggest economy despite global headwinds, lifting the demand outlook for Zinc, which is widely used in construction activity.
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