Zinc futures soften 0.47%, in line with global trend

Image
Press Trust of India New Delhi
Last Updated : Feb 23 2017 | 10:48 AM IST
Zinc futures traded 0.47 per cent lower at Rs 191.10 per kg today after speculators trimmed positions, tracking a weak global trend.
In futures trading at Multi Commodity Exchange, zinc for delivery in February declined 90 paise, or 0.47 per cent, to Rs 191.10 per kg. It clocked a business turnover of 22,880 lots.
The metal for delivery in March softened by a similar margin to trade at Rs 191 per kg in 2,352 lots.
Market analysts said weakness in zinc futures trade was mostly due to a falling trend in copper and other base metals pack amid signs of a slower-than-expected demand recovery in China after Lunar New Year holidays.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Feb 23 2017 | 10:48 AM IST

Next Story