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Zinc futures down on sluggish demand

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Press Trust of India New Delhi

Zinc prices softened by 0.88% to Rs 101.10 per kg in futures trade today due to subdued demand in the spot market. 

At the Multi Commodity Exchange, zinc for delivery in May softened by 90 paise, or 0.88% to Rs 101.10 per kg, in business turnover of 2,286 lots.

Likewise, the metal for delivery in June shed 90 paise, or 0.87% to Rs 102.40 per kg in 672 lots. Analysts attributed the decline in zinc futures to subdued demand in the spot market.

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First Published: May 30 2011 | 4:28 PM IST

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