Zinc futures decline on muted demand

News

NEW DELHI: Zinc prices on Friday fell 0.55 per cent to Rs 216.60 per kg in futures trade as speculators reduced their exposure taking negative cues from spot market.

On the Multi Commodity Exchange, zinc contracts for March delivery traded lower by Rs 1.20, or 0.55 per cent, to Rs 216.60 per kg in 2,110 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.

Articles You May Like

Intuit shares drop as quarterly forecast misses estimates due to delayed revenue
Trump and Fed Chair Powell could be set on a collision course over interest rates
Breakout Stocks: How to trade Indian Hotels, Nalco & Fortis Healthcare on Friday?
Snowflake shares pop 19% on earnings and revenue beat
Australian Consumer Confidence, weekly survey, comes in at 86.8 (prior 86.7)

Leave a Reply

Your email address will not be published.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