Business Standard

Monday, December 23, 2024 | 07:48 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Zinc down 0.3% on weak trend, subdued spot demand

Marketmen said besides sluggish domestic demand, a weak trend in the entire base metals at LME put pressure on zinc futures prices

Press Trust of India New Delhi
Zinc futures prices today fell marginally by 0.35% to Rs 126.45 per kg, largely in line with a weak trend in the global markets and subdued spot demand.

At the Multi Commodity Exchange, zinc for delivery in April fell by 45 paise, or 0.35%, to Rs 126.45 per kg, with a business turnover of 44 lots.

Likewise, the metal for delivery in March fell by 40 paise, or 0.32%, to trade at Rs 125.75 per kg, with a business turnover of 844 lots.

Marketmen said besides sluggish domestic demand, a weak trend in the entire base metals at the London Metal Exchange (LME) following weak Chinese economic data, which raised demand concern, put pressure on zinc futures prices here.

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

First Published: Mar 10 2014 | 12:28 PM IST

Explore News