Commodity Watch: Zinc futures rise on high demand

Zinc prices on Thursday rose marginally by 30 paise to Rs 327.65 per kg in futures trade due to higher spot demand. On the Multi Commodity Exchange, zinc contracts for May delivery edged up 30 paise, or 0.09 per cent, to Rs 327.65 per kg with a business turnover of 37 lots. Traders attributed the rise in zinc futures to higher bets by participants.

Aluminium futures fall on low demand

Aluminium prices dropped marginally by Rs 1.35 to Rs 354.45 per kg in the futures trade on Thursday as participants trimmed their positions amid a weak trend in spot markets. On the Multi Commodity Exchange, aluminium for de-livery in May fell by Rs 1.35 or 0.38 per cent to Rs 354.45 per kg in 38 lots. Analysts said the cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.

Copper futures slip on muted domestic demand

Copper prices fell Rs 4.20 to Rs 1,197.20 per kilogram in the futures trade on Thursday, weighed down by muted demand in the domestic spot market. On the Multi Commodity Exchange (MCX), copper for May delivery slipped Rs 4.20, or 0.35 per cent, to Rs 1,197.20 per kg in a business turnover 157 lots.