CRUDE OIL
Crude oil prices rose by 0.56 percent on Monday at the domestic markets after Ministry of Economy, Trade and Industry said that industrial production fell less than expected to a seasonally adjusted -0.5 percent, from -0.6 percent in the preceding month which raised the demand outlook for the fuel.
At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,038 per barrel, up by 0.56 per cent, after opening at Rs. 3,037 against the previous closing price of Rs. 3,021. It touched the intra-day high of Rs. 3,051 till the trading.
ZINC
At the MCX, Zinc futures for January 2015 contract closed at Rs 129.20 per 1 kg, up by 1.89 per cent after opening at Rs 127, against the previous closing price of Rs 126.8. It touched the intra-day high of Rs 129.35 till the closing.
At the MCX, Zinc futures for January 2015 contract closed at Rs 129.20 per 1 kg, up by 1.89 per cent after opening at Rs 127, against the previous closing price of Rs 126.8. It touched the intra-day high of Rs 129.35 till the closing.
Zinc futures surged in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Prices also rose on bets of further monetary easing in China, which may help spur an economic revival in the world’s biggest metals consumer, lifting demand prospects for zinc.
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