Zinc down by 0.1% on overseas trend
Fall in prices was mostly in line with a weak trend metal at the LME
)
Zinc futures prices today fell marginally to Rs 130.35 per kg as participants reduced positions amid a weak trend overseas after a rebound in inventories amid subdued spot demand.
At the Multi Commodity Exchange, zinc for delivery in current month traded lower by 15 paise, or 0.11%, to Rs 130.35 per kg, with a business turnover of 87 lots.
The metal for delivery in January fell by 10 paise, or 0.08%, to trade at Rs 130.55 per kg in a turnover of 44 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in line with a weak trend metal at the London Metal Exchange (LME) after inventories last week rose for the first time since October.
Meanwhile, output in China, the world's biggest producer, rose 12% in November from a year earlier to 507,000 tons.
Globally, zinc declined as much as 0.4% to $2,080 per tonne at the LME.
At the Multi Commodity Exchange, zinc for delivery in current month traded lower by 15 paise, or 0.11%, to Rs 130.35 per kg, with a business turnover of 87 lots.
The metal for delivery in January fell by 10 paise, or 0.08%, to trade at Rs 130.55 per kg in a turnover of 44 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in line with a weak trend metal at the London Metal Exchange (LME) after inventories last week rose for the first time since October.
Meanwhile, output in China, the world's biggest producer, rose 12% in November from a year earlier to 507,000 tons.
Globally, zinc declined as much as 0.4% to $2,080 per tonne at the LME.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 30 2013 | 10:45 AM IST