Zinc futures fall on muted demand
03/08/2016 16:50
Zinc futures were trading lower during the evening trade in the domestic market on Wednesday as traders cut down their bets due to a slide in demand from consuming industries at the domestic spot markets.
Further, a decrease in demand for zinc at the domestic spot market was due to cut down of bets by participants in the spot markets, influenced zinc prices at futures trade. At the MCX, zinc futures for August 2016 contract is trading at Rs 151.50 per kg, down by 0.36 per cent, after opening at Rs 151.70, against a previous close of Rs 152.05. It touched the intra-day low of Rs 150.65 (at 16:47 hours).
03/08/2016 16:50
Zinc futures were trading lower during the evening trade in the domestic market on Wednesday as traders cut down their bets due to a slide in demand from consuming industries at the domestic spot markets.
Further, a decrease in demand for zinc at the domestic spot market was due to cut down of bets by participants in the spot markets, influenced zinc prices at futures trade. At the MCX, zinc futures for August 2016 contract is trading at Rs 151.50 per kg, down by 0.36 per cent, after opening at Rs 151.70, against a previous close of Rs 152.05. It touched the intra-day low of Rs 150.65 (at 16:47 hours).
