Zinc Futures Drop on Weak Demand | PTI
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Zinc prices fell 0.73% on Monday, driven by weak demand and speculator sell-offs, according to PTI. Learn more about the zinc futures market.
New Delhi, Apr 28 (PTI) Zinc prices on Monday fell 0.73 per cent to Rs 249.90 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 May delivery traded lower by Rs 1.85 or 0.73 per cent at Rs 249.90 per kg in 2,675 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 May delivery traded lower by Rs 1.85 or 0.73 per cent at Rs 249.90 per kg in 2,675 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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