Zinc declines by 0.1% on global cues
Speculators trimmed positions amid a weak global trend
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Zinc futures fell marginally by 0.11% to Rs 132.40 per kg today after speculators trimmed positions amid a weak global trend.
At the Multi Commodity Exchange, zinc for delivery in March declined by 15 paise, or 0.11%, to Rs 132.40 per kg in a business turnover of 18 lots.
Likewise, the metal for delivery in the February softened by 10 paise, or 0.08%, to Rs 131.75 per kg in 498 lots.
Analysts said the weakness in zinc at futures trade was mostly due to a weak trend in copper and other base metals in global markets after China reported consumer prices rose at the slowest pace in more than five years.
At the Multi Commodity Exchange, zinc for delivery in March declined by 15 paise, or 0.11%, to Rs 132.40 per kg in a business turnover of 18 lots.
Likewise, the metal for delivery in the February softened by 10 paise, or 0.08%, to Rs 131.75 per kg in 498 lots.
Analysts said the weakness in zinc at futures trade was mostly due to a weak trend in copper and other base metals in global markets after China reported consumer prices rose at the slowest pace in more than five years.
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First Published: Feb 11 2015 | 11:10 AM IST