Commodity Watch: Zinc futures decline on trimmed positions

New Delhi: Zinc prices fell 0.46 per cent to Rs 300.15 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market. Zinc contracts for November delivery traded lower by Rs 1.40 in 2,839 lots. Analysts said the trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.

Aluminium futures slip on weak trend

Aluminium prices declined Rs 2.30 to Rs 269.90 per kilogram in the futures trade as participants trimmed their positions on a weak trend in the spot market. Aluminium for delivery in November fell 0.84 per cent in 4,050 lots.

Copper futures fall on low demand

Copper futures fell Rs 6.40 to Rs 1,015 per kilogram as participants reduced their positions amid muted demand in the domestic market. Copper futures for the November contract eased 0.63 per cent in a business turnover of 8,589 lots.