Zinc Futures Decline on Weak Demand - PTI
Zinc futures prices fell 0.34% on Tuesday due to weak demand and speculator position trimming, according to PTI.
New Delhi, Sep 3 (PTI) Zinc prices on Tuesday fell 0.34 per cent to Rs 263.90 per kilogram in the futures trade as speculators reduced their exposure, tracking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for September delivery traded 90 paise or 0.34 per cent lower at Rs 263.90 per kg in 2,265 lots.
Analysts said trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.
On the Multi Commodity Exchange, zinc contracts for September delivery traded 90 paise or 0.34 per cent lower at Rs 263.90 per kg in 2,265 lots.
Analysts said trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.
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