Zinc futures dip on subdued demand : 03/09/2018
Zinc futures dip on subdued demand
03/09/2018 13:20
Zinc futures were trading lower during the afternoon trade in the domestic market on Monday 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 September 2018 contract was trading at Rs 175.55 per kg, down by 0.31 per cent, after opening at Rs 175.25, against a previous close of Rs 176.10. It touched the intra-day low of Rs 174.10(at 13:22 hrs)
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Zinc futures dip on subdued demand
03/09/2018 13:20
Zinc futures were trading lower during the afternoon trade in the domestic market on Monday 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 September 2018 contract was trading at Rs 175.55 per kg, down by 0.31 per cent, after opening at Rs 175.25, against a previous close of Rs 176.10. It touched the intra-day low of Rs 174.10(at 13:22 hrs)
