Zinc futures dip on subdued demand
05/12/2017
Zinc futures dip on subdued demand
05/12/2017 14:01
Zinc futures were trading lower during the afternoon trade in the domestic market on Tuesday as speculators trimmed positions amid easing demand in the spot market.
Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in zinc prices at futures trade.
At the MCX, zinc futures for December 2017 contract was trading at Rs 202.95 per kg, down by 0.93 per cent, after opening at Rs 205.65, against a previous close of Rs 204.85. It touched the intra-day low of Rs 202.80(at 14:07 hours).
05/12/2017
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Zinc futures dip on subdued demand
05/12/2017 14:01
Zinc futures were trading lower during the afternoon trade in the domestic market on Tuesday as speculators trimmed positions amid easing demand in the spot market.
Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in zinc prices at futures trade.
At the MCX, zinc futures for December 2017 contract was trading at Rs 202.95 per kg, down by 0.93 per cent, after opening at Rs 205.65, against a previous close of Rs 204.85. It touched the intra-day low of Rs 202.80(at 14:07 hours).
