Published on 14/02/2018 2:49:03 PM | Source: Dion Global Solutions Ltd

Zinc futures dip on subdued demand

Posted in Commodity Top News| #Zinc #MCX #Commodity

Zinc futures were trading lower during the afternoon trade in the domestic market on Wednesday as speculators trimmed positions amid easing demand in the spot market. Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in zinc prices at futures trade.

At the MCX, zinc futures for February 2018 contract was trading at Rs 222.75 per kg, down by 0.42 per cent, after opening at Rs 223.50, against a previous close of Rs 223.70. It touched the intra-day low of Rs 222.55.