Zinc down 0.1% on global cues

Metal prices for delivery in January shed 0.11%

Zinc futures traded a shade lower at Rs 131.75 per kg today as speculators trimmed positions amidst a weak global trend.

At the Multi Commodity Exchange, zinc for delivery in February traded lower by 20 paise, or 0.15%, to Rs 131.75 per kg in business turnover of 8 lots.

Likewise, the metal prices for delivery in January shed 15 paise, or 0.11%, to Rs 131.30 per kg in 219 lots.

Market analysts attributed the fall in zinc futures to a weak global trend where copper and other base metals fell as investors await a decision from the European Central Bank on economic stimulus and before a gauge of manufacturing strength in China.