Zinc is a bluish white lustrous metal. It is normally covered with a white coating on exposure to the atmosphere. Zinc is the fourth most common metal in use, after iron, aluminium and copper in terms of the metal’s annual production. Zinc can be recycled indefinitely, without loss of its physical or chemical properties. Zinc prices in India are fixed on the basis of rates that rule in the international spot market, and Indian Rupee and US Dollar exchange rates.
Zinc prices in India are fixed on the basis of rates that rule in the international spot market, and Indian Rupee and US Dollar exchange rates. Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes. Economic events such as the national industrial growth, global financial crisis, recession and inflation affect metal prices. Commodity-specific events such as the construction of new production facilities or processes, new uses or the discontinuance of historical uses, unexpected mine or plant closures (natural disaster, supply disruption, accident, strike, and so forth), or industry restructuring, all affect Zinc Commodity metal prices.
Daily Zinc has Movement of 1.0 Rs. to 2.25 Rs. Means 0.05 paisa tick price (1tick= 250 rs. So its good to trade Mcx Zinc in Intraday also.
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