Zinc Futures Fall on Weak Demand | Price Analysis
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Zinc futures decline due to weak demand and reduced exposure. October contracts trade lower. Analysts cite slackened demand.
New Delhi, Sep 23 (PTI) Zinc prices on Tuesday fell 0.04 per cent to Rs 281.30 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 10 paise or 0.04 per cent at Rs 281.30 per kg in 2,463 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 10 paise or 0.04 per cent at Rs 281.30 per kg in 2,463 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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