Commodity Watch: Zinc futures ease on reduced turnover

New Delhi: Zinc prices fell Rs 1.85 to Rs 302.60 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market. On the Multi Commodity Exchange, zinc contracts for January delivery slipped 0.61 per cent in a business turnover of 2,021 lots. The trimming of positions by participants owing to slackened demand mainly weighed on zinc prices.

Copper futures fall on low demand

Copper futures fell Rs 1.95 to Rs 1,121.95 per kilogram as participants reduced their positions amid muted demand in the domestic market. Copper futures for the January contract eased 0.17 per cent in a turnover of 5,898 lots. Analysts attributed the decline in copper prices to lower bets by participants.

Aluminium futures fall on weaker trend

Aluminium prices declined by Rs 1.15 to Rs 283.70 per kilogram in the futures trade as participants trimmed their positions on a weak trend in the spot market. Aluminium for delivery in January fell 0.4 per cent in 2,283 lots.