Zinc futures traded 0.44 per cent lower to Rs 193.40 per kg on Thursday as speculators reduced exposure amid subdued demand at the spot market.
Zinc for delivery in June contracts fell by 85 paise, or 0.44 per cent, to Rs 193.40 per kg at the Multi Commodity Exchange, clocking a business turnover of 1,890 lots.
Traders said the weakness in zinc prices at futures trade was mostly due to cutting down of bets by speculators in tandem with a weak trend at the spot market.
Nickel
Nickel prices fell 3.15 per cent to Rs 981.20 per kg in futures trade Thursday as speculators booked profits amid subdued demand at the spot market.
On the Multi Commodity Exchange, nickel for delivery in August contracts traded lower by Rs 31.90, or 3.15 per cent, to Rs 981.20 per kg in a business turnover of 14,421 lots.
The metal for delivery in September contracts also dipped 3.09 per cent, or Rs 31.40, to trade at Rs 986.30 in a business turnover of 101.
Copper
Copper futures fell 0.55 per cent to Rs 449.45 per kg in futures trade Thursday after speculators trimmed positions despite a strong trend overseas.
On the Multi Commodity Exchange, copper for delivery in July contracts declined by Rs 2.50, or 0.55 per cent, to Rs 449.45 per kg in a business turnover of 2,801 lots.
The metal, however, recorded a rise of 0.17 per cent at USD 271.65 on the COMEX.
Traders said, off-loading of positions by speculators mainly led to fall in copper prices at futures trade here.
Lead
Lead prices fell 0.57 per cent to Rs 156.60 per kg in futures trade Thursday after participants booked profits amid subdued demand at the spot market.
On the Multi commodity Exchange, lead for delivery in current month was trading down by 90 paise, or 0.57 per cent, to Rs 156.60 per kg in a business turnover of 1,332 lots.
Analysts attributed the fall in lead prices to profit-taking by players at current levels coupled with muted demand at the spot market.
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