Zinc futures fall on tepid demand

27/02/2017 16:47

Zinc futures were trading lower during evening trade in the domestic market on Monday as investors and speculators exited their positions in the industrial metal to book profits amid subdued demand.

Further, a drop in physical demand for zinc at the domestic spot market was due to trimming of bets by traders in the spot market, influenced zinc prices at futures trade. At the MCX, zinc futures for February 2017 contract is trading at Rs 187.50 per kg, down by 0.77 per cent, after opening at Rs 188.50, against a previous close of Rs 188.95. It touched the intra-day low of Rs 186.40 (at 16:39 hours).

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