Zinc futures soften 0.41 pc on low demand

Zinc prices went down by 0.41 per cent to Rs 204.40 per kg in futures trade today as speculators trimmed positions, taking negative cues from the spot market on tepid demand.
At the Multi Commodity Exchange, zinc for delivery in in January declined by 85 paise, or 0.41 per cent, to Rs 204.40 per kg in a business turnover of 46 lots.
Likewise, the metal for delivery in December shed 80 paise, or 0.39 per cent, to Rs 204.10 per kg in 1,142 lots.
Analysts said the weakness in zinc at futures trade was mostly due to cutting down of positions by traders owing to slackened demand from consuming industries in the physical market.