Zinc futures have extended their decline for the sixth straight day tailing weak global cues. There was demand concern from China and Japan after the Japanese government reduced the nation’s economic outlook for a third straight month and there was speculation that China will report lower growth numbers in the third quarter.
The contract for October delivery was trading at Rs 101.15/kg, down by 0.25% or Rs 0.25 from its previous closing of Rs 101.40/kg. The open interest of the contract stood at 12033 lots. The contract for November delivery was trading at Rs 102.30/kg, down by 0.36% or Rs 0.35 from its previous closing of Rs 102.65/kg. The open interest of the contract stood at 1189 lots on MCX. -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
