Zinc futures dip on easing demand
02/02/2018
Zinc futures dip on easing demand
02/02/2018 12:27
Zinc futures were trading lower during the afternoon trade in the domestic market on Friday 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 February 2018 contract was trading at Rs 228.90 per kg, down by 0.20 per cent, after opening at Rs 228.50, against a previous close of Rs 229.35. It touched the intra-day low of Rs 228.40(at 12:34 hours).
02/02/2018
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Zinc futures dip on easing demand
02/02/2018 12:27
Zinc futures were trading lower during the afternoon trade in the domestic market on Friday 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 February 2018 contract was trading at Rs 228.90 per kg, down by 0.20 per cent, after opening at Rs 228.50, against a previous close of Rs 229.35. It touched the intra-day low of Rs 228.40(at 12:34 hours).
