Zinc futures down on easing demand 28/02/2018

Zinc futures down on easing demand
28/02/2018


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Zinc futures down on easing demand
28/02/2018 14:01
Zinc futures were trading lower during the afternoon trade in the domestic market on Wednesday 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 227.85 per kg, down by 0.42 per cent, after opening at Rs 229.35, against a previous close of Rs 228.80. It touched the intra-day low of Rs 227.70(at 14:05 hours).