Zinc prices on Monday rose 0.03 per cent to Rs 183.15 per kg in futures market.

Zinc prices on Monday rose 0.03 per cent to Rs 183.15 per kg in futures market as traders built up fresh positions amid increase in spot demand.

On the Multi Commodity Exchange, zinc for delivery in December traded higher by 5 paise, or 0.03 per cent, to Rs 183.15 per kg in a business turnover of 3,410 lots.

Market analysts said fresh positions created by participants on the back of rise in demand from consuming industries mainly attributed to the gain in zinc prices.

Nickel futures on Monday declined by Rs 17.20 to Rs 980.20 per kg due to reducing of positions by investors amid sluggish demand in spot market.

On the Multi Commodity Exchange, nickel contracts for December delivery fell by Rs 17.20, or 1.72 per cent, to Rs 980.20 per kg with a business turnover of 1,815 lots.

Nickel contracts for January delivery traded lower by Rs 16.50, or 1.66 per cent, at Rs 976.00 per kg in 142 lots.

Analysts said subdued demand in spot market mainly led to the fall in nickel prices

Copper
Copper prices on Monday drifted 0.25 per cent lower to Rs 437 per kg in futures trade as speculators reduced exposure, tracking a weak trend overseas.

On the Multi Commodity Exchange, copper for December delivery fell Rs 1.10, or 0.25 per cent, to Rs 437 per kg in a business turnover of 5,871 lots.

Similarly, the metal for January delivery traded lower by similar margins to Rs 441.35 per kg in 470 lots.

Aluminium
Aluminium prices on Monday fell 50 paise to Rs 132.75 per kg in futures market as participants trimmed their positions amid a weak trend in spot market.

On the Multi Commodity Exchange, aluminium for delivery in December declined by 50 paise, or 0.38 per cent, to Rs 132.75 per kg in 1,699 lots.

Analysts said cutting down of positions by participants on easing demand from consuming industries in physical market mainly kept aluminium prices lower here.

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