Zinc futures edge lower on sluggish demand exposure

News

NEW DELHI: Zinc prices on Friday fell 0.09 per cent to Rs 233.35 per kg in the futures trade, as speculators reduced their exposure taking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for the June delivery traded lower by 20 paise, or 0.09 per cent, to Rs 233.35 per kg in 1779 lots.

Analysts said offloading of positions by participants due to slackened demand from consuming industries in the physical market mainly weighed on zinc prices here.

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