Zinc remains up on global cues,spot demand

At the MCX,zinc for delivery in November month contract traded 0.19 per cent higher at Rs 104 per kg in a turnover of 153 lots. The contract ended 0.20 per cent higher at Rs 103.80 per kg in the previous session.

The metal for delivery in December month contract moved up 0.10 per cent to Rs 104.45 per kg clocking a turnover of 20 lots.

At the LME,zinc ended 0.09 per cent higher at USD 2,265 per tonne in yesterday8217;s trade,while Shanghai8217;s zinc rose 0.66 per cent to 17,655 yuan per tonne in early trade today.

Market analysts said overnight gains in the metal at the London Metal Exchange and strong spot market demand attributed to the rise in zinc prices at the futures market here.