Zinc futures remain weak, shed 0.62% on low demand

Falling for the second straight day, zinc prices eased further by 0.62 per cent to Rs 151.40 per kg in futures trade today as speculators engaged in reducing their positions amid subdued demand from consuming industries at spot market.
At the Multi Commodity Exchange, zinc for delivery in October month weakened by 95 paise, or 0.62 per cent to Rs 151.40 per kg in business turnover of 8,621 lots.
Likewise, the metal for delivery in November contracts traded lower by a similar margin to Rs 152.10 per kg in 497 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to sluggish demand from consuming industries at domestic spot market.