Zinc futures down on easing demand
08/03/2018
Zinc futures down on easing demand
08/03/2018 13:13
Zinc futures were trading lower during the afternoon trade in the domestic market on Thursday 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 March 2018 contract was trading at Rs 211.45 per kg, down by 0.70 per cent, after opening at Rs 213.35, against a previous close of Rs 212.95. It touched the intra-day low of Rs 211.40(at 13:20 hours).
08/03/2018
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Zinc futures down on easing demand
08/03/2018 13:13
Zinc futures were trading lower during the afternoon trade in the domestic market on Thursday 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 March 2018 contract was trading at Rs 211.45 per kg, down by 0.70 per cent, after opening at Rs 213.35, against a previous close of Rs 212.95. It touched the intra-day low of Rs 211.40(at 13:20 hours).
