EPIC RESEARCH MCX ZINC UPDATE OF 28 April 2017

Zinc trading range for the day is 163.8-170.Zinc prices dropped the market is getting worried about the tightening monetary process in China.Also the Trump reflation trade is still unwinding because the market is not convinced that the tax package will be approved.The global zinc market is forecast to register a deficit of 226,000 tonnes in 2017, while the lead market will be close to balanced, the ILZSG said.

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