Friday 19 May 2017

EPIC RESEARCH MCX ZINC UPDATE OF 19 MAY 2017

Zinc trading range for the day is 157.4-168.4. Zinc on MCX settled up 0.06% at 164.45 as support seen after Indian rupee weakened over 1.1%, its steepest fall in 21-month.LME Zinc fell as uncertainty about US President's future undermined expectations of a boost to infrastructure spending in the US.China's production of zinc fell 5.6 percent to 474,000 tonnes, its lowest in more than two years, according to the NSB.

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