Zinc futures slid 0.43% as traders trim position

Zinc futures fell by 0.43 per cent to Rs 140.25 per kg today as speculators indulged in reducing positions in view of approaching month expiry.
However, strength in base metals at the London Metal Exchange (LME), restricted the losses.
Zinc for delivery in current month shed 60 paise or 0.43 per cent to Rs 140.25 per kg at the Multi Commodity Exchange. It clocked a business turnover of 1,143 lots.
The metal for delivery in July softened by 55 paise or 0.39 per cent to Rs 140.25 per kg in 454 lots.
Analysts attributed fall in zinc futures to cutting down of bets by participants ahead of monthly expiry but strength in base metals at the LME as global markets stabilized on speculation that policy makers will do more to curb the post-Brexit fallout, helped minimising losses.