Zinc futures extend slide on weak spot cues

NEW DELHI, June 13: Zinc prices fell further by 0.48 per cent to Rs 216.40 per kg in futures trading today as speculators reduced their positions, tracking a weak trend at the spot market on muted demand.
At the Multi Commodity Exchange, zinc for delivery in June month fell by Rs 1.05, or 0.48 per cent to Rs 216.40 per kg in business turnover of 890 lots.
Similarly, the metal for delivery in July contracts shed Re 1, or 0.46 per cent to Rs 216.30 per kg in 9 lots.
Analysts said trimming of positions by participants due to fall in demand from consuming industries in the physical market mainly kept zinc prices weak at futures trade. (PTI)


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