India, June 18 -- Zinc futures traded lower on Thursday as traders reduced their positions amid weak demand from consuming industries and negative cues from the spot market.
On the Multi Commodity Exchange (MCX), zinc contracts for June delivery fell by Rs 2.70, or 0.73 per cent, to Rs 367.40 per kg, with a business turnover of 436 lots.
Market analysts said subdued demand in the physical market prompted participants to trim their exposure, leading to a decline in zinc prices. Weak industrial consumption trends continued to weigh on sentiment in the base metals segment.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....