Zinc futures rose over 1 per cent during evening trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal after imports of the metals into top consumer, China, rose, underlining a tightening supply situation.
According to the customs data, refined zinc imports to China in April grew by 21 per cent to 47,469 tonnes y-o-y while shipments of ore and concentrates jumped 44 per cent. At the MCX, zinc futures for May 2017 contract is trading at Rs 172.20 per kg, up by 1.15 per cent, after opening at Rs 171, against a previous close of Rs 170.25. It touched the intra-day high of Rs 172.25 (at 17:00 hours).
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