RESEARCH VIA Base Metals & Agro Outlook Updates

Date:01/04/2015

Base Metals

Zinc prices fell by 0.30 percent on Tuesday at the domestic markets after Federal Reserve Bank of Dallas manufacturing business index fell more-than-expected last month signaling weak sentiment in the region which reduced the demand outlook for the metal. Zinc futures for March 2015 contract, at MCX, were trading at Rs 130.80 per kg, down by 0.30 percent after opening at Rs. 130.25 against the previous closing price of Rs. 131.20. It touched the intra-day low of Rs. 130.25 till the trading.

Agro Outlook

Coriander prices fell by 0.4 percent on Tuesday 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. 8,940 per quintal, down by 0.4 per cent, after opening at Rs. 8,976 against the previous closing price of Rs. 8,940. It touched the intra-day low of Rs. 8,851 till the trading.