 "Zinc down 0.6% on subdued demand, weak global cues")
Zinc futures prices today fell 0.62% to Rs 111.50 per kg as speculators reduced positions, amid sluggish domestic demand and weak global trend.
At the Multi Commodity Exchange, zinc prices for delivery in July declined by 70 paise, or 0.62%, to Rs 112.20 per kg in business turnover of 530 lots.
Likewise, the metal prices for delivery in August traded lower by 65 paise, or 0.57%, to Rs 113.50 per kg in 267 lots.
Market analysts said besides sluggish domestic demand in the spot market, weak global trend of slow economic growth in China, the biggest consumer of metals, will dampen demand, mainly putting pressure on zinc prices in futures trade.
At the Multi Commodity Exchange, zinc prices for delivery in July declined by 70 paise, or 0.62%, to Rs 112.20 per kg in business turnover of 530 lots.
Likewise, the metal prices for delivery in August traded lower by 65 paise, or 0.57%, to Rs 113.50 per kg in 267 lots.
Market analysts said besides sluggish domestic demand in the spot market, weak global trend of slow economic growth in China, the biggest consumer of metals, will dampen demand, mainly putting pressure on zinc prices in futures trade.