Zinc down 0.2% on global cues, subdued spot demand

Metal for delivery in January fell by 0.12%

Zinc futures fell by 0.20% to Rs 124 per kg as participants reduced positions taking cues from the global markets amid subdued demand at domestic spot markets.

At the Multi Commodity Exchange, zinc for delivery in February traded lower by 25 paise, or 0.20%, to Rs 124 per kg, with a business turnover of 89 lots.

The metal for delivery in January fell by 15 paise, or 0.12%, to trade at Rs 123.05 per kg in a turnover of 159 lots.

Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend in base metals pack at the London Metal Exchange on concern that slowing economic growth in China, the world's largest user, may weaken demand for the metal.