Zinc Futures Decline on Weak Demand - PTI
Zinc prices fell 0.35% on Tuesday due to reduced speculator exposure and weak demand from consuming industries, according to PTI.
New Delhi, Jan 28 (PTI) Zinc prices on Tuesday fell 0.35 per cent to Rs 268.30 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 February delivery traded 95 paise or 0.35 per cent lower at Rs 268.30 per kg in 2,858 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 February delivery traded 95 paise or 0.35 per cent lower at Rs 268.30 per kg in 2,858 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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