Zinc futures down by 0.15 pc on global cues


Zinc prices moved down by 0.15 per cent in futures trade today, in tandem with a weakening trend on the London Metal Exchange(LME). 

On the Multi Commodity Exchange , zinc for delivery in June fell by 15 paise, or 0.15 per cent, to Rs 101.40 per kg with a business turnover of 477 lots. 

Likewise, the metal for delivery in July also eased by a similar margin to Rs 102.50 per kg with a trading volume of 27 lots. 

Analysts attributed the fall in zinc futures to a weak trend in base metals on the LME and sluggish demand in the domestic spot market. 

On the London Metal Exchange , zinc fell by 0.4 per cent to USD 2,271 a tonne.


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