 "Zinc softens by 0.8% on global cues")
Zinc prices down by 0.77% to 128.55 per kg in futures trade today as speculators trimmed positions after most industrial metals weakened at the London Metal Exchange (LME) as manufacturing slumped to 11-month low in China.
At the Multi Commodity Exchange, zinc for delivery in March declined by Re one, or 0.77%, to Rs 128.55 per kg in business turnover of 403 lots.
Likewise, the metal for delivery in April shed 90 paise, or 0.69%, to Rs 129.45 per kg in 34 lots.
Globally, zinc for delivery in three months at the LME retreated 1% to $2,065 a metric tonne.
At the Multi Commodity Exchange, zinc for delivery in March declined by Re one, or 0.77%, to Rs 128.55 per kg in business turnover of 403 lots.
Likewise, the metal for delivery in April shed 90 paise, or 0.69%, to Rs 129.45 per kg in 34 lots.
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Analysts said the weakness in zinc at futures trade was mostly attributed to weakness in base metals at the LME as data showed manufacturing slowed in China, the world's biggest consumer.
Globally, zinc for delivery in three months at the LME retreated 1% to $2,065 a metric tonne.