Latest Updates Around The World
Zinc material, crude | Photo credit: bagi1998 Zinc futures have consolidated in recent weeks after a strong rally between May and mid-December last year. Currently, it is hovering around ₹310 (per kg). The contract faced resistance at ₹320. Three breakout attempts have been made since December, without success. On the other hand, zinc futures have […]
Global commodity markets are witnessing sharp volatility as the annual rebalancing of major commodity indices triggers large-scale fund reallocations in precious, energy and industrial metals, said Mohammed Imran, Commodity Analyst at Mirae Asset Sharekhan.Speaking on ET Now’s Commodity Central, Imran said precious metals have already entered a corrective phase, with further downtrend likely due to […]
Zinc futures traded positively on Tuesday amid demand for the base metal in spot markets. Domestic prices took cues from their international peers and reached a high of Rs 299 per kg, rising 0.6% intraday.Three-month contracts rose 0.4% on the LME to trade at Rs 3,000 per tonne, while those on SHFE were marginally higher […]
