Business Standard

Zinc down 0.5% on global cues

Prices fell as participants reduced their positions

Press Trust of India New Delhi
Zinc futures for April traded lower by 50 paise, or 0.49%, to Rs 100.55 per kg in 1,127 lots.     

At the Multi Commodity Exchange (MCX), the May contract fell by 55 paise, or 0.44%, to trade at Rs 101.80 per kg in 415 lots.

Prices fell as participants reduced their positions amid subdued domestic demand.

At the London Metal Exchange (LME) zinc lost 0.5% to $1,849.50 a tonne.

Weak trend overseas due to base metals weakening on worse-than-estimated US economic that data raised concern that growth is slowing in the world's second-biggest useraffected the zinc futures here.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 04 2013 | 2:41 PM IST

Explore News