Zinc futures ended lower in the domestic market on Wednesday as investors and speculators exited positions in the industrial metal amid weak physical
demand for zinc in the domestic spot market.
Further, speculation that slowing economic growth and rising default risks in China, the world’s biggest metals consumer, may dampen the demand outlook
for zinc, weighed on the base metal.
At the MCX, Zinc futures for March 2014 contract closed at Rs. 117.95 per 1 kg, down by 1.21 per cent, after opening at Rs. 119.65, against the
previous closing price of Rs. 119.40. It touched an intra-day low of Rs 117.65.
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