Zinc Futures Decline on Weak Demand - PTI
Zinc prices fell 1.15% on Thursday to Rs 278.40 per kg due to weak demand and reduced speculation in the futures market, according to PTI.
New Delhi, Oct 17 (PTI) Zinc prices on Thursday fell 1.15 per cent to Rs 278.40 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 3.25 or 1.15 per cent lower at Rs 278.40 per kg in 917 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 3.25 or 1.15 per cent lower at Rs 278.40 per kg in 917 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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