Zinc futures down on muted demand

NEW DELHI: Zinc prices on Tuesday fell marginally to Rs 222.60 per kg in the futures trade, as speculators reduced their exposure taking negative cues from the spot market. On the Multi Commodity Exchange, zinc contracts for the March delivery traded lower by 10 paise, or 0.04 per cent, to Rs 222.60 per kg in 1,743 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices here.