 "Zinc down 0.4% on global cues, subdued spot demand")
Amid a weak trend in the global markets and subdued domestic demand, zinc futures fell by 0.45% today as participants reduced their positions.
At the Multi Commodity Exchange, zinc for delivery in December traded lower by 55 paise, or 0.45%, to Rs 122.40 per kg, with a business turnover of 194 lots.
The metal for delivery in January next year fell by 50 paise, or 0.40%, to trade at Rs 123.30 per kg in a turnover of 9 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend overseas where base metals weakened after manufacturing data for China missed estimates and amid speculation that the US central bank will cut stimulus at its two-day Federal Reserve meeting starting tomorrow.
At the Multi Commodity Exchange, zinc for delivery in December traded lower by 55 paise, or 0.45%, to Rs 122.40 per kg, with a business turnover of 194 lots.
The metal for delivery in January next year fell by 50 paise, or 0.40%, to trade at Rs 123.30 per kg in a turnover of 9 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend overseas where base metals weakened after manufacturing data for China missed estimates and amid speculation that the US central bank will cut stimulus at its two-day Federal Reserve meeting starting tomorrow.