
Unstability over requirement from China, the largest metals consuming nation of world, also weighed as top global rating agency Standard & Poor’s (S&P) cut the credit rating of China to negative from stable, as it alerts that economic rebalancing in the Asian powerhouse is about to proceed more slowly than previously expected.
MCX : March 2016 contract for Zinc futures for ends at Rs 118.4 per kg, went down by 0.13 per- cent after unlocking at 118.35, against the previous closing price of Rs 118.55. Then, it reached the intra-day low of Rs 117.25.
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