Zinc prices moved up by 0.73 per cent to Rs 207.10 per kg in futures trading today as speculators created fresh positions on the back of firm Asian cues.
At the Multi Commodity Exchange, zinc for delivery in June month went up by Rs 1.50, or 0.73 per cent to Rs 207.10 per kg in business turnover of 21 lots.
Likewise, the metal for delivery in May contracts edged up by Rs 1.45, or 0.71 per cent to Rs 206.80 per kg in 862 lots.
Analysts said sentiment was bolstered after Shanghai zinc climbed off nine month lows today as consumers bought into the metal that has been in a shortage for much of the past year.
Meanwhile, at Shanghai futures exchange zinc rose 1 per cent, having hit its weakest since last August in the session before at 23,145 yuan (USD 3,639.78) a tonne amid concerns over steel demand in light of tariffs imposed by the US.
The London Metal Exchange was closed on Monday for a bank holiday weekend.
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