EPIC RESEARCH MCX ZINC UPDATE OF 18 MAY 2017

Zinc trading range for the day is 162.8-165.8.Zinc prices ended with gains tracking firmness in LME prices as support seen after steel prices jumped. ILZSG anticipates global demand for refined zinc to be greater than supply in 2017, keeping zinc markets in a deficit for a second consecutive year.The ILZSG predicts a deficit of 226,000 tonnes, not much different from the deficit recorded last year.

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