Zinc Futures Decline on Weak Demand
Zinc futures prices fell 1.22% on the Multi Commodity Exchange due to reduced speculation and weak demand from consuming industries.
New Delhi, Oct 15 (PTI) Zinc prices on Tuesday fell 1.22 per cent to Rs 279.80 per kilogram in the futures trade as speculators reduced their exposure, tracking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for November delivery traded Rs 3.45 or 1.22 per cent lower at Rs 279.80 per kg in 716 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 November delivery traded Rs 3.45 or 1.22 per cent lower at Rs 279.80 per kg in 716 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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