Zinc Futures Plunge on Weak Demand - PTI

Dec 04, 2023 14:55

Zinc prices fell by 1.35% on Monday, driven by reduced demand from consuming industries. Speculators cut exposure, taking cues from the spot market.

New Delhi, Dec 4 (PTI) Zinc prices on Monday fell by 1.35 per cent to Rs 222.25 per kilogram in the futures trade as speculators reduced their exposure, taking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for December delivery traded lower by Rs 3.05 or 1.35 per cent at Rs 222.25 per kg in 3,553 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.

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Zinc Futures Plunge on Weak Demand - PTI

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