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Zinc futures weaken by 0.12% on tepid spot demand

Press Trust of India  |  New Delhi 

prices softened by 0.12 per cent to Rs 213 per kg in futures market today as speculators trimmed their holdings, taking weak cues from the spot market on subdued demand from consuming industries.

At the Multi Commodity Exchange, for delivery in April month was trading lower by 25 paise, or 0.12 per cent to Rs 213 per kg in business turnover of 40 lots.

Likewise, the for delivery in March contracts shed 20 paise, or 0.09 per cent to Rs 212.75 per kg in 1505 lots.

Marketmen said offloading of positions by participants owing to sluggish demand from consuming industries in the physical market mainly weighed on prices in futures trade.

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

First Published: Thu, March 08 2018. 12:00 IST