Wednesday, 31 May 2017

EPIC RESEARCH MCX ZINC UPDATE OF 31 MAY 2017

Zinc trading range for the day is 167.4-171.4.Zinc prices dropped as the market waited for top metals consumer China to return from a public holiday.However downside seen limited as, the Chinese government is moving to curb zinc production, as part of a drive to reduce pollution across the country.Last week, combined zinc inventories in Shanghai, Tianjin and Guangdong decreased 8,000 to 129,100 tonnes, down for over three months in a row.

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