Zinc shed 0.5% on subdued demand

A weak global trend on slowing economic growth in China also affected prices

Zinc futures fell 0.50% to Rs 128.95 per kg today as speculators reduced positions amid sluggish domestic demand and weak global trend.

At the Multi Commodity Exchange, zinc prices for delivery in March eased by 65 paise, or 0.50%, to Rs 128.95 per kg in business turnover of 224 lots.

Likewise, the metal prices for delivery in April traded lower by 60 paise, or 0.46%, to Rs 129.35 per kg in five lots.

Market analysts said besides sluggish domestic demand in the spot market, weak global trend on slowing economic growth in China will dampen demand, mainly put pressure on zinc prices in futures trade.