Base Metals: ZINC
Zinc prices rose by 1.47 percent on Friday at the domestic markets after China’s inflation data came in above estimates, easing fears over deflation in the world’s biggest metals consumer, bolstering the demand outlook for zinc. China’s consumer prices rose 1.4 percent, year on year in March 2015, topping estimates of a 1.3 percent annual gain, while producer prices fell 4.6 percent from March 2014, decelerating from an annual 4.8 percent drop in February 2015. Zinc futures for April 2015 contract, at MCX, were trading at Rs 137.65 per kg, up by 1.47 percent after opening at Rs. 135.80 against the previous closing price of Rs. 135.65. It touched the intra-day high of Rs. 137.85 till the trading.
Zinc prices rose by 1.47 percent on Friday at the domestic markets after China’s inflation data came in above estimates, easing fears over deflation in the world’s biggest metals consumer, bolstering the demand outlook for zinc. China’s consumer prices rose 1.4 percent, year on year in March 2015, topping estimates of a 1.3 percent annual gain, while producer prices fell 4.6 percent from March 2014, decelerating from an annual 4.8 percent drop in February 2015. Zinc futures for April 2015 contract, at MCX, were trading at Rs 137.65 per kg, up by 1.47 percent after opening at Rs. 135.80 against the previous closing price of Rs. 135.65. It touched the intra-day high of Rs. 137.85 till the trading.
Agro Outlook: CORIANDER
Coriander prices fell by 2.24 percent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX dhaniya futures for April 2015 contract were trading at Rs. 9,160 per quintal, down by 2.24 percent, after opening at Rs. 9,296 against the previous closing price of Rs. 9,370. It touched the intra-day low of Rs. 9,105 till the trading.
Coriander prices fell by 2.24 percent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX dhaniya futures for April 2015 contract were trading at Rs. 9,160 per quintal, down by 2.24 percent, after opening at Rs. 9,296 against the previous closing price of Rs. 9,370. It touched the intra-day low of Rs. 9,105 till the trading.
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