 "Zinc down 0.6% on overseas trend")
Tracking a weak trend in base metals in the global market and subdued spot demand, zinc futures today fell by 0.69% as participants reduced exposures.
At the Multi Commodity Exchange, zinc for delivery in April traded lower by 85 paise, or 0.69%, to Rs 122.90 per kg, with a business turnover of 758 lots.
The metal for delivery in May fell by 80 paise, or 0.68%, to Rs 123.80 per kg in a turnover of 23 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend in the entire base metals at the London Metal Exchange on demand concern as a measure for new credit in China, the largest metals consumer, suggested the economy was slowing.
At the Multi Commodity Exchange, zinc for delivery in April traded lower by 85 paise, or 0.69%, to Rs 122.90 per kg, with a business turnover of 758 lots.
The metal for delivery in May fell by 80 paise, or 0.68%, to Rs 123.80 per kg in a turnover of 23 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend in the entire base metals at the London Metal Exchange on demand concern as a measure for new credit in China, the largest metals consumer, suggested the economy was slowing.
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