Zinc futures weaken by 0.12% on tepid spot demand

Zinc 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, zinc 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 metal 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 zinc prices in futures trade.