Zinc falls by 0.4% in line with global trend
Speculators reduced their positions, in tandem with a weak global trend
 "Zinc falls by 0.4% in line with global trend")
Zinc prices moved down 0.45% to Rs 110.55 per kg in futures market today as speculators reduced their positions, in tandem with a weak global trend.
In futures trading at Multi Commodity Exchange, zinc for delivery in November contracts shed 50 paise, or 0.45%, to Rs 110.55 per kg, in a business turnover of 7 lots.
Likewise, the metal for delivery in October traded lower by 40 paise, or 0.36%, to Rs 109.55 per kg in a business turnover of 281 lots.
Marketmen said weakness in copper and other base metals at the London Metal Exchange (LME) on signs of a weak demand outlook in China, the world's biggest consumer, mainly put pressure on zinc prices in futures trade.
In futures trading at Multi Commodity Exchange, zinc for delivery in November contracts shed 50 paise, or 0.45%, to Rs 110.55 per kg, in a business turnover of 7 lots.
Likewise, the metal for delivery in October traded lower by 40 paise, or 0.36%, to Rs 109.55 per kg in a business turnover of 281 lots.
Marketmen said weakness in copper and other base metals at the London Metal Exchange (LME) on signs of a weak demand outlook in China, the world's biggest consumer, mainly put pressure on zinc prices in futures trade.
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First Published: Oct 08 2015 | 11:28 AM IST