Zinc Futures Fall on Weak Demand
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Zinc futures prices decline on MCX due to weak demand and reduced exposure by speculators. December contracts fall by 0.71%.
New Delhi, Nov 21 (PTI) Zinc prices on Friday fell Rs 2.10 to Rs 295.25 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 December delivery declined by Rs 2.10, or 0.71 per cent, to Rs 295.25 per kg in a business turnover of 1,844 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 declined by Rs 2.10, or 0.71 per cent, to Rs 295.25 per kg in a business turnover of 1,844 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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