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Zinc futures soften 0.45 pc as participants trim position

Press Trust of India  |  New Delhi 

Zinc futures traded 0.45 per cent lower at Rs 164.20 per kg today as speculators trimmed positions, tracking a weak trend in base metals at the spot market.

Zinc for delivery in June declined by 75 paise, or 0.45 per cent, to Rs 164.20 per kg at the Multi Commodity Exchange. It clocked a business turnover of five lots.

Likewise, the metal for delivery in current month softened by 55 paise, or 0.33 per cent, to Rs 163.80 per kg in 249 lots.

Analysts said the weakness in zinc at futures trade was mostly attributed to a weak trend in select base metals at the domestic spot markets on sluggish demand from consuming industries.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 18 2017. 11:13 IST