Zinc Futures Were Trading Lower On Global Cues

From Tuesday evening zinc future were trading lower as investors and speculators exited their position in the industrial metal, on the signs of slowing growth in China and the United states. A zinc price at future trade is influenced by tracking weakness in the steel market.

China’s economy is likely to remain on a stable footing the last month, while US service sector activity slowed last month as a new order tumble, Supported by solid gains in trade and investment as economic ties with the us take a positive turn and infrastructure spending cushions domestic growth.

On MCX, for June 2017 the zinc future is trading at Rs 160/kg, which is down by 0.16% opening at Rs. 160.85, against the previous close of Rs.160.25 which touches the intra day low of Rs.158.90.

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Suhani Verma

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