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Zinc futures edged down on sluggish demand.

Source :
Ace Analyser: Company News; 9/3/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Zinc futures edge down on MCX as speculators trimmed their positions on sluggish demand tracking slowdown in China's factory activity in August and caution ahead of several critical US economic reports. Although some falls were limited in expectations of reduced supply.The contract for September delivery was trading at 263.85 down by 0.36% or Rs 0.95 from its previous closing of Rs 264.80. The open interest of the contract stood at 2276 lots. The contract for October delivery was trading at 264.05 down by 0.4% or Rs 1.05 from its previous closing of Rs 265.10. The open interest of the contract stood at 184 lots on MCX. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Ace Analyser: Company News
Publication Type :
Report
Accession number :
179418498