Zinc futures prices reduce due to weak demand | Price Analysis

New Delhi: Zinc prices fell by 0.48 percent to Rs 281.25 per kg in futures trade on Thursday as speculators reduced their positions following negative cues from the spot market.

At the Multi Commodity Exchange, zinc contracts for October delivery fell by Rs 1.35, or 0.48 percent, to Rs 281.25 per kg with a turnover of 1,739 lots.

Analysts said that zinc prices were pressured by participants cutting their positions due to weak demand from consuming industries in the spot market.

Leave a Reply

Your email address will not be published. Required fields are marked *