Zinc Prices Decline Amid Reduced Speculator Exposure

Zinc Prices Decline Amid Reduced Speculator Exposure.webp

New Delhi, March 16 Zinc prices fell by Rs 1.20 to Rs 326.05 per kg in futures trading on Monday, as speculators reduced their exposure, following negative signals from the spot market.

On the Multi Commodity Exchange, zinc contracts for April delivery decreased by Rs 1.20, or 0.37%, to Rs 326.05 per kilogram in a trading volume of 78 lots.

Analysts said that the reduction in positions by participants, due to weakened demand from consuming industries in the physical market, primarily affected zinc prices.
 
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