Zinc prices declined Today to 231.70, as demand fell short of estimates amid a slowing global economy.

According to data, social stocks of zinc ingots in seven important Chinese markets totaled 114,900 mt as of Apr 28, down 21,600 metric tonnes from Apr 24 Monday and 21,800 mt from the previous week.

The market arrivals in Guangdong decreased marginally, while the daily the outflow from the warehouses remained constant at 1,500 mt

Although there are more visitors arriving in Tianjin, downstream demand has also increased. Because of the keenness of products owners to sell and the flurry of market activity

Technically, the market is experiencing new selling as open interest increased by 7.70 percent to settle at 4050, while prices are decreased -4.25 rupees.