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Zinc Trims Gains On MCX

Investing News Network
Dec. 08, 2010 04:34AM PST
Base Metals Investing

India Info Online.com reports that Zinc was trading up today, but that gains are less

India Info Online.com reports that Zinc was trading up today, but that gains are less.

The story is quoted as saying:

 Zinc three-month forwards on LME were up by 3%, up $ 70 to $ 2307 per tonne. Zinc has been a under performer this year, the Zinc prices were at $ 2606 per tonne on 4 Jan 2010 from where it has slipped to 12.5% to current levels. Declines in the value of Zinc are due to sharp jump in inventories levels.

 To access the full story, click here.

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