Business Standard

Zinc softens by 0.24% on global cues

Traders pare positions as base metals weaken on LME

Press Trust of India New Delhi
Zinc prices down by 0.24 per cent to 122.45 per kg in futures trade today as speculators trimmed positions after metal weakened at the London Metal Exchange (LME).

At the Multi Commodity Exchange, zinc for delivery in June declined by 30 paise, or 0.24 per cent, to Rs 122.45 per kg in business turnover of two lots.

The May contract shed 25 paise, or 0.20 per cent, to Rs 121.90 per kg in 335 lots.

Analysts said the weakness in zinc at futures trade was mostly attributed to weakness in copper and other base metals at the LME.

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First Published: May 20 2014 | 12:04 PM IST

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