Breaking News

Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption

Zinc futures fell on muted demand

265795_1707473646_small.jpg
Non-Ferrous 09 Feb 2024 03:44 PM IST PTI

Zinc prices dropped 1.04% to ₹222.85 per kilogram in the futures trade as speculators reduced their exposure, taking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for February delivery traded fell by ₹2.35 or 1.04% at ₹222.85 per kg in 3,044 lots.

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