Zinc Futures Fall on Weak Demand | Commodity Prices
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Zinc futures prices fell on MCX due to reduced exposure by speculators and slackened demand from consuming industries. Get the latest updates.
New Delhi, Feb 5 (PTI) Zinc prices on Thursday fell Rs 2.60 to Rs 322.70 per kg in futures trade as speculators reduced their exposure, tracking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for March delivery slipped by Rs 2.60, or 0.8 per cent, to Rs 322.70 per kilogram in a business turnover of 63 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 March delivery slipped by Rs 2.60, or 0.8 per cent, to Rs 322.70 per kilogram in a business turnover of 63 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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