Wednesday, 24 May 2017

EPIC RESEARCH MCX ZINC UPDATE OF 24 MAY 2017

Zinc trading range for the day is 169.5-174.1. Zinc prices ended with gains as support seen after imports rose from China underlining potential shortages. Imports of refined zinc to China increased 21% in April to 47,469 tonnes yoy while shipments of ore and concentrates jumped 44%, customs data showed.Chinese government is moving to curb zinc production, as part of a drive to reduce pollution across the country.

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