Zinc down 0.6% on profit-booking, global cues

Metal for delivery in the May contract softened by 0.25%

Zinc prices traded lower by 0.67% to 125.75 per kg in futures trade today after speculators trimmed positions, tracking a weak global trend.

At the Multi Commodity Exchange, zinc for delivery in July declined by 85 paise, or 0.67%, to Rs 125.75 per kg in business turnover of one lot.

Likewise, the metal for delivery in the May contract softened by 30 paise, or 0.25%, to Rs 121.95 per kg in 137 lots.

Analysts said the weakness in zinc at futures trade was mostly attributed to a weak trend in copper and other base metals in the global markets as the China manufacturing report added to signs of weakness in the world's second-biggest economy and after the Fed's stimulus cut.