Zinc futures fell by 0.27 per cent to Rs 126.95 per kg today as speculators reduced positions in the midst of a weak trend globally. Besides, low demand in domestic spot markets fueled the downtrend.

 Zinc futures for April 2016 contract, at MCX, were trading at Rs 126.95 per kg, down by 0.27 per cent after opening at Rs. 126.50 against the previous closing price of Rs. 127.30. It touched the intra-day low of Rs. 126 till the trading. (At 4.18 PM today). However, losses were curbed due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 1050 metric tonnes to 410050 metric tonnes as on April 20, 2016. Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

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