Zinc Futures Decline on Weak Demand - PTI
Zinc prices fell 0.33% on Monday, driven by reduced speculation and weak demand in the physical market, according to PTI.
New Delhi, Jan 9 (PTI) Zinc prices on Monday fell by 0.33 per cent to Rs 224.75 per kilogram in the futures trade as speculators reduced their exposure, taking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for January delivery traded lower by 75 paise or 0.33 per cent at Rs 224.75 per kg in 3,667 lots.
Analysts said 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 lower by 75 paise or 0.33 per cent at Rs 224.75 per kg in 3,667 lots.
Analysts said 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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