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Zinc down 0.2% on subdued demand

Weak spot market trends due to subdued demand affected the trade

Press Trust of India New Delhi
Zinc futures for February traded lower by 25 paise, or 0.21%, to Rs 117.05 per kg in 686 lots.

At the Multi Commodity Exchange (MCX), the March contract fell by a similar margin to trade at Rs 117.90 per kg in 82 lots.

Prices dropped as participants reduced positions, triggered by a subdued spot market demand.

Weak spot market trends due to subdued demand affected the trade.

BUt the metal's strength at the London Metal Exchange (LME) limited the fall.

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First Published: Feb 15 2013 | 2:10 PM IST

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