 "Zinc down 0.3% on overseas cues")
Zinc futures edged lower by 0.32% to Rs 123.05 per kg today amid a firm global trend as speculators trimmed positions.
At the Multi Commodity Exchange, zinc for delivery in April shed 40 paise, or 0.32%, to Rs 123.05 per kg, with a business turnover of 592 lots.
The metal for delivery in May fell 35 paise, or 0.28%, to Rs 123.95 per kg, with a business turnover of nine lots.
Marketmen said besides subdued demand in the spot market, a weakening trend in most industrial metals overseas after data showed economic expansion in China eased to the slowest pace in six quarters, fuelling concern that demand from the largest user will weaken, led to fall in zinc prices at futures trade.
At the Multi Commodity Exchange, zinc for delivery in April shed 40 paise, or 0.32%, to Rs 123.05 per kg, with a business turnover of 592 lots.
The metal for delivery in May fell 35 paise, or 0.28%, to Rs 123.95 per kg, with a business turnover of nine lots.
Marketmen said besides subdued demand in the spot market, a weakening trend in most industrial metals overseas after data showed economic expansion in China eased to the slowest pace in six quarters, fuelling concern that demand from the largest user will weaken, led to fall in zinc prices at futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%