Zinc Futures Fall on Weak Demand
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Zinc futures prices ease to Rs 305/kg on MCX due to reduced exposure and weak demand from consuming industries. January contracts slip.
New Delhi, Dec 2 (PTI) Zinc prices on Tuesday fell marginally to Rs 305 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 January delivery slipped by 5 paise or 0.02 per cent to Rs 305 per kg in a business turnover of 525 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 January delivery slipped by 5 paise or 0.02 per cent to Rs 305 per kg in a business turnover of 525 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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