Zinc futures down 0.44 pc on weak Asian cues

NEW DELHI: Tracking a weak trend in base metals in the Asian region and subdued spot demand, zinc futures prices today fell by 0.44 per cent as participants reduced exposures.

At the Multi Commodity Exchange, zinc for delivery in May traded lower by 45 paise, or 0.44 per cent, to Rs 101.55 per kg, with a business turnover of 497 lots.

The metal for delivery in June fell by a similar margin to Rs 102.70 per kg in a turnover of 51 lots.

Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend in copper and other base metals at the Shanghai Futures Exchange.