Zinc Futures Decline on Weak Demand - PTI
Zinc prices fell 0.64% on Wednesday due to weak demand and speculator reduction of exposure, according to PTI. Read more for details on the Multi Commodity Exchange.
New Delhi, Oct 9 (PTI) Zinc prices on Wednesday fell 0.64 per cent to Rs 279.95 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 November delivery traded Rs 1.80 or 0.64 per cent lower at Rs 279.95 per kg in 399 lots.
Analysts said the 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 November delivery traded Rs 1.80 or 0.64 per cent lower at Rs 279.95 per kg in 399 lots.
Analysts said the 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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