Zinc future down on global cues
Post Date: 07 Apr 2013 Viewed: 361
BS reported that zinc futures for April traded lower by 50 paise or 0.49% to INR 100.55 per kilogram in 1,127 lots.
At the Multi Commodity Exchange, the May contract fell by 55 paise or 0.44% to trade at INR 101.80 per kilogram in 415 lots. Prices fell as participants reduced their positions amid subdued domestic demand. At the London Metal Exchange zinc lost 0.5% to USD 1,849.50 per tonne.
Weak trend overseas due to base metals weakening on worse than estimated US economic that data raised concern that growth is slowing in the world's second biggest useraffected the zinc futures here.