Zinc Futures Decline on Weak Demand - PTI
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Zinc prices fell 0.31% to Rs 257.10 per kg on Friday due to weak demand and speculator reduction of positions. Read more.
New Delhi, May 23 (PTI) Zinc prices on Friday fell 0.31 per cent to Rs 257.10 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 June delivery traded lower by 80 paise or 0.31 per cent at Rs 257.10 per kg in 1,816 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 June delivery traded lower by 80 paise or 0.31 per cent at Rs 257.10 per kg in 1,816 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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