Zinc Futures Fall on Weak Demand | Market Update
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Zinc futures prices ease on MCX due to weak demand and reduced exposure by speculators. April contracts slip. Get the latest market analysis.
New Delhi, Mar 16 (PTI) Zinc prices on Monday fell Rs 1.20 to Rs 326.05 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 April delivery slipped by Rs 1.20, or 0.37 per cent, to Rs 326.05 per kilogram in a business turnover of 78 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 April delivery slipped by Rs 1.20, or 0.37 per cent, to Rs 326.05 per kilogram in a business turnover of 78 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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