Zinc futures dip on subdued demand
22/09/2017
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 September 2017 contract was trading at Rs 197.10 per kg, down by 0.50 per cent, after opening at Rs 197.45, against a previous close of Rs 198.10. It touched the intra-day low of Rs 195.90. (at 14:05 hours).
22/09/2017
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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 September 2017 contract was trading at Rs 197.10 per kg, down by 0.50 per cent, after opening at Rs 197.45, against a previous close of Rs 198.10. It touched the intra-day low of Rs 195.90. (at 14:05 hours).
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