Thursday, 11 May 2017

EPIC RESEARCH MCX ZINC UPDATE OF 11 MAY 2017

Zinc trading range for the day is 165.7-170.5. Zinc prices dropped as pressure continues on fresh signs of a slowdown in Chinese demand. Concerns over liquidity squeezes in China seem to be the main driving force. The premium for cash zinc versus the three-month price traded at its highest since Feb. 20, indicating tightening nearby supply.

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