 "Zinc down 0.3% on global cues, subdued spot demand")
Zinc futures declined 0.39% to Rs 126.55 per kg today as participants reduced positions on weak cues from the global markets amid subdued demand in domestic spot markets.
At the Multi Commodity Exchange, zinc for delivery in February traded lower by 50 paise, or 0.39%, to Rs 126.55 per kg, with a business turnover of 92 lots.
The metal for delivery in March fell 30 paise, or 0.24%, to trade at Rs 127.05 per kg in a turnover of 28 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in line with a weak trend in the entire base metals pack at the London Metal Exchange amid concerns that demand in China will slow down as some banks tightened lending to the property sector.
At the Multi Commodity Exchange, zinc for delivery in February traded lower by 50 paise, or 0.39%, to Rs 126.55 per kg, with a business turnover of 92 lots.
The metal for delivery in March fell 30 paise, or 0.24%, to trade at Rs 127.05 per kg in a turnover of 28 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in line with a weak trend in the entire base metals pack at the London Metal Exchange amid concerns that demand in China will slow down as some banks tightened lending to the property sector.