Monday 8 May 2017

EPIC RESEARCH MCX ZINC UPDATE OF 08 MAY 2017

Zinc trading range for the day is 162.6-169.
Zinc prices gains tracking rise in LME prices by 0.5 percent at $2,582 despite further losses in steel and iron ore prices.The global demand for refined zinc metal is forecast to total 14.30 million tonnes in 2017, marginally higher by 2.6% over the previous year.The global demand for refined zinc metal will exceed supply in 2017, despite sharp rise in zinc mine output.

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