Zinc falls by 0.9% on global cues

Fall in prices was mostly attributed to a weak trend in copper and other base metals in the global markets

Zinc futures traded 0.94% lower at Rs 100 per kg today as reduced positions, tracking a weak global trend.

Zinc for delivery in December declined by 95 paise, or 0.94%, to Rs 100 per kg at the Multi Commodity Exchange.

It clocked business turnover of 3,510 lots.

Likewise, the metal for delivery in the January month contracts softened by 90 paise, or 0.88%, to Rs 100.90 per kg in 106 lots.

Analysts said the weakness in zinc at futures trade was mostly attributed to a weak trend in copper and other base metals in the global markets largely on concern over the sustainability of demand in China, the largest consumer.
 
At the London Metal Exchange, zinc fell by 0.7%.