Zinc futures maintain downtrend on easing demand

Falling for the third straight day, zinc prices moved down by 0.70 per cent to Rs 177.45 per kg in futures market today as traders engaged in trimming their positions, tracking a weak trend at spot market on fall in demand from consuming industries.
At the Multi Commodity Exchange, zinc for delivery in December traded lower by Rs 1.25, or 0.70 per cent to Rs 177.45 per kg in business turnover of 717 lots.
On similar lines, the metal for delivery in January declined by Rs 1.05, or 0.59 per cent to Rs 177.95 per kg in 9 lots.
Analysts said, offloading of positions by participants, taking negative cues from spot market on subdued demand from consuming industries, kept zinc prices lower at futures trade.