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Zinc futures bit the dust on Tuesday, with prices tanking nearly 3 per cent in the domestic market as investors and speculators exited positions in the industrial metal amidst weak physical demand for zinc in the domestic spot market.
Further, a surprise in dip in industrial output in Germany signaled worries over the health of Europe’s biggest economy, dimming the demand outlook for the industrial metal
At the MCX, Zinc futures for February 2016 contract closed at Rs 114.55 per kg, down by 2.92 per cent after opening at Rs 118, against the previous closing price of Rs 118. It touched the intra-day low of Rs 111.8
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