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Zinc futures soften on spot demand weakness

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Press Trust of India New Delhi
Zinc futures traded 0.49 per cent lower at Rs 181.90 per kg today as speculators trimmed positions ahead of the monthly expiry.

Zinc for delivery in the current month declined by 90 paise, or 0.49 per cent, to Rs 181.90 per kg at Multi Commodity Exchange, clocking a business turnover of 506 lots.

The metal for delivery in April softened by 85 paise, or 0.46 per cent, at Rs 182.45 per kg in 114 lots.

Analysts said the weakness in zinc in futures trade was mostly attributed to reduced positions of speculators ahead of the monthly expiry amid a weak trend at the domestic spot markets due to low demand.
 

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First Published: Mar 29 2017 | 11:32 AM IST

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