Tepid demand drags down zinc futures by 0.67 pc

Zinc prices softened by 0.67 per cent to Rs 186 per kg in futures market today as participants cut down their bets, driven by a fall in demand from consuming industries at domestic spot market.
At the Multi Commodity Exchange, zinc for delivery in November traded lower by Rs 1.25, or 0.67 per cent, to Rs 186 per kg in a business turnover of 791 lots.
Similarly, the metal for delivery in December shed Rs 1.20, or 0.64 per cent to Rs 185.70 per kg in 98 lots.
Analysts said trimming of positions by traders due to tepid demand from consuming industries in the spot market, weighed on zinc prices at the futures trade.