Zinc futures extend losses on weak spot cues

NEW DELHI, June 15: Zinc prices eased further by 0.05 per cent to Rs 217 per kg in futures market today as speculators trimmed their positions, taking negative cues from the spot market on muted demand.

At the Multi Commodity Exchange, zinc for delivery in June month shed 10 paise, or 0.05 per cent to Rs 217 per kg in business turnover of 465 lots.

Similarly, the metal for delivery in July was trading lower by a similar margin to Rs 216.70 per kg in 3 lots.

Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in the physical market mainly kept zinc prices weak at futures trade. (PTI)