Zinc futures slide on subdued demand
24/08/2016 10:49
Zinc futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines amid fall in demand from consuming industries at the domestic spot markets. Further, a decline in demand for zinc at the domestic spot market was due to trimming of positions by traders in the spot markets, influenced zinc prices at futures trade. At the MCX, zinc futures for August 2016 contract is trading at Rs 154.15 per kg, down by 0.39 per cent, after opening at Rs 154.50, against a previous close of Rs 154.75. It touched the intra-day low of Rs 154.10 (at 10:47 hours).
24/08/2016 10:49
