Zinc Futures Fall on Weak Demand | Price Analysis
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Zinc futures decline 0.48% to Rs 281.25/kg on MCX due to weak demand. Analysts cite reduced exposure and slackened physical market demand.
New Delhi, Sep 18 (PTI) Zinc prices on Thursday fell 0.48 per cent to Rs 281.25 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 October delivery traded lower by Rs 1.35 or 0.48 per cent at Rs 281.25 per kg in 1,739 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 October delivery traded lower by Rs 1.35 or 0.48 per cent at Rs 281.25 per kg in 1,739 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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