Zinc futures weaken by 0.49 pc on global cues

Image
Press Trust of India New Delhi
Last Updated : Aug 19 2016 | 5:32 PM IST
Zinc prices were down by 0.49 per cent to Rs 153.10 per kg in futures trading today as traders reduced their exposures amid a weak trend overseas.
Tepid demand from consuming industries at domestic spot market also put pressure on zinc prices.
At the Multi Commodity Exchange, zinc for delivery in September declined by 75 paise, or 0.49 per cent, to Rs 153.10 per kg in business turnover of 415 lots.
Similarly, the metal for delivery in August shed 70 paise, or 0.46 per cent to Rs 152.85 per kg in 10,030 lots.
Marketmen said weakness in base metals pack at the London Metal Exchange (LME) and muted demand from consuming industries at domestic spot market mainly led to fall in zinc prices at futures trade.
Globally, zinc dropped 0.8 per cent at the London Metal Exchange.

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: Aug 19 2016 | 5:32 PM IST

Next Story