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Zinc futures down on weak spot cues

Press Trust of India  |  New Delhi 

prices eased by 0.41 per cent to Rs 217.10 per kg in futures market today as speculators engaged in reducing their positions, taking negative cues from spot market on sluggish demand.

At the Multi Commodity Exchange, for delivery in June eased by 90 paise, or 0.41 per cent to Rs 217.10 per kg in a business turnover of 649 lots.

Likewise, the for delivery in July was trading lower by 80 paise, or 0.37 per cent to Rs 216.90 per kg in 13 lots.

Analysts said cutting down of positions by participants on the back of easing demand from consuming industries in the physical market mainly kept prices down at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 12 2018. 11:25 IST
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