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Commodity Market : Indian-commodity.com

Saturday, November 3, 2007

Zinc Futures Hit A Historical Low On MCX

Mumbai: Near-month zinc futures on Friday went below its previous low of Rs 106.30 to touch a fresh low of Rs 106.20 on the Multi Commodity Exchange of India.

Prices have fallen tracking losses in the London futures and on rising inventories, traders said.

Stocks of zinc in London Metal Exchange warehouses have jumped nearly 30 per cent since last week to more than 77,000 tonnes - more than two days of global consumption.
Posted by Indian-commodity at 10:27 AM

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