 "Zinc falls by 1.1% on weak overseas trend")
Zinc futures fell 1.13% today as participants cut down their bets on a weak trend in base metals in the global market after Chinese manufacturing activity fell to its lowest level in three years last month and subdued domestic spot demand.
At the Multi Commodity Exchange, zinc for delivery in February contracts was trading lower by Rs 1.25, or 1.13%, to Rs 109.20 per kg, with a business turnover of 344 lots.
The metal for delivery in March month fell Rs 1.15, or 1.03%, to Rs 110 per kg in a turnover of just one lot.
Traders said the fall in zinc prices in futures trade was mostly in tandem with a weak trend in the base metals pack at the London Metal Exchange (LME) after Chinese manufacturing activity fell to its lowest level in three years to 49.4 in January.
Globally, zinc fell as much as 1.5% to $1,598.50 per tonne at LME.
