Business Standard

Zinc softens over 1% on global cues

Prices went down as speculators trimmed positions

Press Trust of India New Delhi
Zinc prices down by 1.02% to 102.20 per kg in futures trade today as speculators trimmed positions, tracking a weak global trend on demand concerns.

At the Multi Commodity Exchange (MCX), the May contract declined by Rs 1.05, or 1.02%, to Rs 102.20 per kg in 727 lots.

The June contract shed 95 paise, or 0.91%, to Rs 103.30 per kg in 82 lots.

Analysts said the weakness in zinc at futures trade was mostly attributed to a subdued global trend in the entire base metals on disappointing manufacturing data from China, the world's biggest consumer.

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First Published: May 23 2013 | 2:25 PM IST

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