Zinc Futures Ease on Weak Demand
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Zinc prices fell on Monday in futures trade on MCX as speculators reduced exposure due to slackened demand from consuming industries in the physical market.
New Delhi, Jul 13 (PTI) Zinc prices on Monday fell Rs 1.50 to Rs 374.85 per kg in futures trade as speculators reduced their exposure, tracking negative cues in the spot market.
On the Multi Commodity Exchange, zinc contracts for July delivery slipped by Rs 1.50, or 0.4 per cent, to Rs 374.85 per kilogram in a business turnover of 382 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 slipped by Rs 1.50, or 0.4 per cent, to Rs 374.85 per kilogram in a business turnover of 382 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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