Zinc futures soften 1.87%, in line with global trend

Zinc futures traded lower today after speculators trimmed positions, tracking a weak global trend amid muted demand at the domestic spot markets.

In futures trading at Multi Commodity Exchange, zinc for delivery in May declined 1.87 per cent, to Rs 123.20 per kg.

Market analysts said weakness in zinc futures trade was mostly due to a falling trend in base metals pack following disappointing trade data from China.