Zinc futures recover on firm global trend

NEW DELHI: Zinc prices recovered by 0.87 per cent to Rs 104.35 per kg in futures trading today, taking positive cues from global markets and pick up in spot demand.

At the Multi Commodity Exchange, zinc for delivery in March traded higher by paise 90, or 0.87 per cent, to Rs 104.35 per kg, with business turnover of 2,231 lots.

Likewise, the metal for delivery in April weakened by 90 paise, or 0.86 per cent, to Rs 105.60 per kg, with a business volume of 131 lots.

Market analysts said recovery in copper and other base metals in global market in tandem with increase in spot demand, helped zinc futures to trade higher.