Home / MCX Metals / MCX Zinc futures down 0.62% on global cues, sluggish demand

MCX Zinc futures down 0.62% on global cues, sluggish demand

Amid a weak tendency in the global markets and weak domestic demand, zinc futures prices today declined 0.62% to 121.10 rupees per kg as participants dramatically reduced their positions.

At MCX, zinc for December delivery was trading lower by 75 paise, or 0.62%, to 121.10 rupees per kg, with a turnover of of 549 lots.

The metal for delivery in January fell by 70 paise, or 0.57%, at 121.90 rupees per kg in a turnover of 70 lots.

Marketmen said the decline in zinc prices in futures trade was largely due to the weak spot and a weak trend in metals overseas demand as record production in China spurred concerns of oversupply and speculation on the timing of the cuts of stimulating the U.S. Fed.

Reported PTI News: India Times

Click for Get trial free MCX Tips

About Narmada Ji

Myself Technical Analyst and Owner Investment Growth Services (100mcxtips.com). 100McxTips is a Market Leader MCX Commodity Advisory, which has a strong hold in offering trusted MCX Tips and accurate as well as Commodity Market Tips. For more mcx, commodity market news by 100McxTips, follow us on Twitter @100mcxtips and on Facebook at facebook.com/100mcxtips.

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>