Zinc Futures Plunge on Weak Demand - PTI
Zinc prices fell 1.84% on the Multi Commodity Exchange as speculators reduced their exposure, driven by muted demand from consuming industries.
New Delhi, Jul 23 (PTI) Zinc prices on Tuesday fell 1.84 per cent to Rs 253.15 per kilogram in the futures trade as speculators reduced their exposure, tracking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for August delivery traded Rs 4.75 or 1.84 per cent lower at Rs 253.15 per kg in 1,248 lots.
Analysts said 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 August delivery traded Rs 4.75 or 1.84 per cent lower at Rs 253.15 per kg in 1,248 lots.
Analysts said 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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