Zinc Futures Decline on Weak Demand - PTI
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Zinc futures prices fell 1.36% on Tuesday due to weak demand from consuming industries. Speculators reduced their exposure, tracking negative cues from the spot market.
New Delhi, Apr 8 (PTI) Zinc prices on Tuesday fell 1.36 per cent to Rs 250.50 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 May delivery traded lower by Rs 3.45 or 1.36 per cent at Rs 250.50 per kg in 437 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 May delivery traded lower by Rs 3.45 or 1.36 per cent at Rs 250.50 per kg in 437 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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