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Published on 29/05/2020 2:55:54 PM | Source: Dion Global Solutions Ltd

Zinc futures down on muted demand

Posted in Commodity Top News| #Zinc #Commodity

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Zinc prices on Friday fell 0.32 per cent to Rs 157.45 per kg in futures trade as speculators reduced their exposure taking negative cues from spot market. On the Multi Commodity Exchange, zinc for delivery in June was trading lower by Rs 50 paise, or 0.32 per cent, at Rs 157.45 per kg in 2,079 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries in physical market mainly weighed on zinc prices here.