 "Zinc falls by 0.5%, tracking weak global trend")
Zinc prices moved down 0.55% to Rs 109.40 per kg in futures market today as speculators reduced their positions, in tandem with a weak global trend.
In futures trading at Multi Commodity Exchange, zinc for delivery this month contracts shed 60 paise, or 0.55%, to Rs 109.40 per kg, in a business turnover of 1,245 lots.
Likewise, the metal for delivery in February traded lower by 60 paise, or 0.54%, to Rs 108.65 per kg in a business turnover of 271 lots.
Marketmen said weakness in copper and other base metals at the London Metal Exchange (LME) as Barclays Plc said it expects Chinese demand to grow at its slowest pace since 1998, mainly put pressure on zinc prices in futures trade.
In futures trading at Multi Commodity Exchange, zinc for delivery this month contracts shed 60 paise, or 0.55%, to Rs 109.40 per kg, in a business turnover of 1,245 lots.
Likewise, the metal for delivery in February traded lower by 60 paise, or 0.54%, to Rs 108.65 per kg in a business turnover of 271 lots.
Marketmen said weakness in copper and other base metals at the London Metal Exchange (LME) as Barclays Plc said it expects Chinese demand to grow at its slowest pace since 1998, mainly put pressure on zinc prices in futures trade.