Zinc futures down on muted demand

Zinc prices on Wednesday fell 0.9 per cent to Rs 236.25 per kg in the futures trade as speculators reduced their exposure taking negative cues from the spot market.

migrator

Published:19th May, 2021 at 3:26 PM

New Delhi

Zinc prices on Wednesday fell 0.9 per cent to Rs 236.25 per kg in the futures trade as speculators reduced their exposure taking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for the May delivery traded lower by Rs 2.15, or 0.9 per cent, to Rs 236.25 per kg in 1,979 lots.

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

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Zinc futures down on muted demand

Zinc prices on Wednesday fell 0.9 per cent to Rs 236.25 per kg in the futures trade as speculators reduced their exposure taking negative cues from the spot market.

Also Read

Trump says Iran wants to negotiate as death toll in protests rises to at least 544

TVK chief Vijay appears before CBI for questioning in Karur stampede case

PSLV-C62 launch registers third-stage anomaly; ISRO begins detailed analysis

Ramadoss expels three MLAs supporting Anbumani for alleged anti-party activities

Lack of footpaths near book fair venue forces pedestrians onto Anna Salai