Business Standard

Zinc futures down on weak global trend, subdued demand

Weakness on LME in early Asain trade also dragged prices

Read more on:    Zinc | Futures | Mcx | London Metal Exchange
Related News

In range-bound movements, prices today fell by 0.23% after speculators reduced their positions, taking weak cues from overseas markets.

At the , zinc for delivery in June traded lower by 25 paise, or 0.23%, to Rs 108.40 per kg in business turnover of 3 lots.

The May contract was lower by 15 paise, or 0.14%, at Rs 107.85 per kg in 259 lots.

Market analysts said besides slackness in demand from consuming industries at domestic spot markets, weakness in most of base metals at the , also put pressure on the zinc futures prices here.

The three-month contract on LME shed 0.5% to $2,043 a tonne in early trade today.

Read more on:   
|
|
|

Read More

Lead down on subdued demand, weak overseas cues

Lead prices traded marginally lower by 0.14% to Rs 108.45 per kg in futures trade today owing to subdued demand in the spot market.

Quick Links

 

Market News

Crompton Greaves hits 33-month high on Hitachi eyes stake report

Since March 14, 2014, the stock has rallied 33% from Rs 142 compared to 3.3% rise in benchmark S&P BSE Sensex.

Wipro gets BSE, NSE approval to merge subsidiaries with itself

Exchanges said they received confirmation from the company that the scheme does not violate or override provisions of securities laws

Rabi arrivals, elections cast shadow on agri commodities

Prices dip in last one month as strict vigil on cash transfers hampers payments at a time when rabi crop arrivals increasing

Gold drops on Goldman Sach's bearish outlook

Gold prices on Tuesday fell sharply in the foreign market - from $1,330 to $1,290 an ounce - after Goldman Sach's bearish outlook

China shadow on India's jewellery manufacturing

A number of cos await revival in global demand to shift basefrom India

Back to Top