Zinc Futures Decline on Weak Demand - PTI
Zinc prices fell 0.73% on Thursday to Rs 277.55 per kg in futures trade, driven by weak demand from consuming industries. Speculators reduced their exposure.
New Delhi, Jan 2 (PTI) Zinc prices on Thursday fell 0.73 per cent to Rs 277.55 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for January delivery traded Rs 2.05 or 0.73 per cent lower at Rs 277.55 per kg in 2,901 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 January delivery traded Rs 2.05 or 0.73 per cent lower at Rs 277.55 per kg in 2,901 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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