Zinc futures down 0.75% on low demand

NEW DELHI, June 22: Zinc prices moved down by 0.75 per cent to Rs 199.60 per kg in futures trading today as speculators cut their bets, taking negative cues from the spot market on subdued demand.

At the Multi Commodity Exchange, zinc for delivery in June  fell by Rs 1.50, or 0.75 per cent to Rs 199.60 per kg in business turnover of 92 lots.

Similarly, the metal for delivery in June was trading lower by Rs 1.35, or 0.67 per cent to Rs 200.25 per kg in 826 lots.

Analysts said cutting down of positions by participants following a fall in demand from consuming industries in the physical market mainly led to decline in zinc prices at futures trade. (PTI)