Zinc Futures Decline on Weak Demand
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Zinc prices fell 0.41% to Rs 266.75 per kg in futures trade due to weak demand and reduced speculator exposure.
New Delhi, Jul 28 (PTI) Zinc prices on Monday fell 0.41 per cent to Rs 266.75 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 August delivery traded lower Rs 1.10 or 0.41 per cent at Rs 266.75 per kg in 3,616 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 August delivery traded lower Rs 1.10 or 0.41 per cent at Rs 266.75 per kg in 3,616 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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