Zinc Futures Fall on Weak Demand | Nov 14
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Zinc futures decline 0.23% to Rs 300.20/kg on MCX due to weak demand and reduced exposure. Analysts cite slackened physical market demand.
New Delhi, Nov 14 (PTI) Zinc prices on Friday fell 0.23 per cent to Rs 300.20 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 December delivery traded lower by 70 paise or 0.23 per cent at Rs 300.20 per kg in 772 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 December delivery traded lower by 70 paise or 0.23 per cent at Rs 300.20 per kg in 772 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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