Zinc futures dip on subdued demand

Zinc futures were trading lower during the afternoon trade in the domestic market on Tuesday as speculators trimmed positions amid easing demand in the spot market. Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in zinc prices at futures trade.

At the MCX, zinc futures for July 2018 contract was trading at Rs 182.50 per kg, down by 1.64 per cent, after opening at Rs 186.25, against a previous close of Rs 185.55. It touched the intra-day low of Rs 181.55.

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