Zinc futures edge lower on weak demand.

Zinc futures edged lower on MCX as speculators trimmed their positions on weak demand tracking a continued slowdown in factory activity in China, the world's top consumer of zinc. Meanwhile, concerns over rising recession risks in US has also weighed on zinc prices.The contract for September delivery was trading at 263.60 down by 0.7% or Rs 1.85 from its previous closing of Rs 265.45. The open interest of the contract stood at 2096 lots. The contract for October delivery was trading at 264.05 down by 0.58% or Rs 1.55 from its previous closing of Rs 265.60. The open interest of the contract stood at 199 lots on MCX. [Extracted from the article]