Zinc futures down 1.43% on subdued spot demand, global cues

Amid weak trend in the entire base metals pack at the London Metal Exchange, zinc continued its slide in futures trading and prices fell by Rs 1.40, or 1.43 per cent at Rs 92.25 per kg.

Subdued demand at the physical markets also put pressure on the metal prices at futures market here.

At the Multi Commodity Exchange, zinc for May contract shed Rs 1.40, or 0.43 per cent to Rs 92.25 per kg, with an open interest of 8,537 lots.

The metal for delivery in June contract also fell by Rs 0.55, or 0.59 per cent to Rs 93.25 per kg, with an open interest of 1,017 lots.

Market analysts said, weakness in copper and other base metals in global markets after a higher-than-expected rise in China's consumer inflation amid demand worries mainly weighed on the zinc prices at futures market here.

Meanwhile, at the London Metal Exchange, zinc fell $74, or 3.46 per cent at $2,065 per tonne.