Zinc Futures Drop on Weak Demand - PTI
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Zinc futures prices fell 0.66% to Rs 249.45 per kg on Wednesday due to reduced speculative activity and weak demand from consuming industries.
New Delhi, Apr 30 (PTI) Zinc prices on Wednesday fell 0.66 per cent to Rs 249.45 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 1.65 or 0.66 per cent at Rs 249.45 per kg in 2,851 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 1.65 or 0.66 per cent at Rs 249.45 per kg in 2,851 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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