India, Jan. 8 -- Zinc prices eased in futures trade on Thursday as weak demand in the spot market prompted traders to cut positions. On the Multi Commodity Exchange (MCX), zinc contracts for February delivery fell by Rs 3.45, or 1.11%, to Rs 307.05 per kg, with a business turnover of 929 lots.
Analysts attributed the decline to reduced buying interest from consuming industries in the physical market, which led to trimming of positions by market participants and weighed on zinc prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....