Mcx Commodity News for Lead, Aluminium, Zinc : Morning Session - 28.10.2016

Mcx Commodity Market News : Morning Session 

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Lead futures up 0.44% on increase of demand
28/10/2016 10:43
Lead futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators indulged in building up of fresh positions in the industrial metal amidst increase in physical demand for lead, from battery-makers, in the domestic spot market. Further, an upsurge in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 137 per kg, up by 0.44 per cent, after opening at Rs 136.75, against a previous close of Rs 136.40. It touched the intra-day high of Rs 137.20 (at 10:38 hours).

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Pick up in demand lifts aluminium futures by 0.13%
28/10/2016 10:39
Aluminium futures were trading higher during the morning trade in the domestic market on Friday as participants indulged in widening their positions in the industrial metal amidst surge in physical demand for aluminium in the domestic spot market. Further, a rise in physical demand for aluminium at the domestic spot market was led by exiting of positions by traders in the spot markets, supported aluminium prices at futures trade. At the MCX, aluminium futures for October 2016 contract is trading at Rs 113.40 per kg, up by 0.13 per cent, after opening at Rs 113.25, against a previous close of Rs 113.25. It touched the intra-day high of Rs 113.45 (at 10:38 hours).

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Zinc futures gain on upsurge in demand
28/10/2016 10:35
Zinc futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators build up fresh positions in the industrial metal amid subdued physical demand from consuming industries at the domestic spot markets. Further, participants indulged in widening their positions in the industrial metal led by rise in demand from consuming industries, supported prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 158.05 per kg, up by 0.32 per cent, after opening at Rs 158, against a previous close of Rs 157.55. It touched the intra-day high of Rs 158.30 (at 10:34 hours).