Zinc futures edge lower on sluggish demand exposure

Zinc futures edge lower on sluggish demand exposure

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.

About Author

Related posts

NZDUSD

NZD/USD Technical Analysis By Capital Street FX

NZDUSD Technical Analysis: Weekly Chart In the weekly charts, NZDUSD is trading in a down channel. NZDUSD is currently trading below all SMA except MA (5). RSI is in the

Read More