Zinc Futures Fall on Weak Demand - MCX
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Zinc futures prices fell on MCX due to weak demand and reduced exposure by speculators. Track zinc prices and market analysis.
New Delhi, May 15 (PTI) Zinc prices on Friday fell Rs 3.15 to Rs 362.35 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 June delivery slipped by Rs 3.15, or 0.86 per cent, to Rs 362.35 per kilogram in a business turnover of 77 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 June delivery slipped by Rs 3.15, or 0.86 per cent, to Rs 362.35 per kilogram in a business turnover of 77 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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