Tuesday, 10 January 2017

EPIC RESEARCH MCX ZINC UPDATE OF 10 JANUARY 2017

Zinc trading range for the day is 176.7-184.9. Zinc rose as the dollar fell and on expectations of a continued shortage in supply for the metal used to galvanise steel. Zinc rose 60 percent in 2016 fuelled by fears of shortages after some major mines were closed or suspended. The metal on the LME ended 1.8 percent higher to $2,667 per ounce, a level last seen on Dec. 19.

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