Zinc futures
were trading lower during the afternoon trade in the domestic market on Tuesday as traders trimmed positions, tracking a weak global trend. Besides, sluggish demand from consuming industries at domestic spot market fuelled the downtrend. Analysts said the weakness in zinc at futures trade was mostly attributed to a weak global trend where it slid from a 14-month high.
At the MCX, zinc futures for July 2016 contract is trading at Rs 149.55 per kg, down by 1.58 per cent, after opening at Rs 151.70, against a previous close of Rs 151.95. It touched the intra-day low of Rs 149 (at 14:44 hours).
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