Zinc Futures Decline on Weak Demand
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Zinc prices fell 0.55% to Rs 254.25 per kg in futures trade due to weak demand and reduced speculator exposure.
New Delhi, Jun 3 (PTI) Zinc prices on Tuesday fell 0.55 per cent to Rs 254.25 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 July delivery traded lower by Rs 1.40 or 0.55 per cent at Rs 254.25 per kg in 254 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 July delivery traded lower by Rs 1.40 or 0.55 per cent at Rs 254.25 per kg in 254 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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