Zinc futures slip on soft demand

Zinc prices on Wednesday fell 0.35 per cent to Rs 157 per kg in futures trade as speculators cut bets amid easing demand in spot market.

On the Multi Commodity Exchange, zinc contracts for May delivery moved down by 55 paise, or 0.35 per cent, to Rs 157 per kg in a business turnover of 2 lots.

Analysts said offloading of positions by traders owing to slackened demand from consuming industries in physical market mainly weighed on zinc prices in futures trade here.