Zinc Futures Fall on Weak Demand | Nov 27 News
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Zinc futures decline 0.1% to Rs 300.90/kg on MCX due to reduced exposure and weak demand. December contracts trade lower. Analysts cite slackened demand.
New Delhi, Nov 27 (PTI) Zinc prices on Thursday fell 0.1 per cent to Rs 300.90 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 30 paise or 0.1 per cent at Rs 300.90 per kg in 2,748 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 30 paise or 0.1 per cent at Rs 300.90 per kg in 2,748 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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