Zinc futures slide on tepid demand

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Zinc futures slide on tepid demand
New Delhi, Mar 9 () Zinc prices on Monday fell 3.76 per cent to Rs 152.40 per kg in futures trade as speculators cut bets amid easing demand in spot market.

On the Multi Commodity Exchange, zinc contracts for May delivery moved down by Rs 5.95, or 3.76 per cent, to Rs 152.40 per kg in a business turnover of 6 lots.

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Analysts said offloading of positions by traders owing to slackened demand from consuming industries in physical market mainly weighed on zinc prices in futures trade here. VHP RUJRUJ
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