EPIC RESEARCH MCX ZINC UPDATE OF 07 Nov 2016

Zinc trading range for the day is 161.3-166.3. Zinc slipped from five year highs as funds reversed bets on higher prices ahead of a key report on the health of the U.S. economy. A third quarter report from Glencore showed its zinc output down 30 percent year-on-year, reflecting the cuts that took place in October last year. Zinc stocks in LME approved warehouses at 449,350 tonnes and inventories outside of exchanges stand at around 1.4 million tonnes.
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