Friday, 2 June 2017

EPIC RESEARCH MCX ZINC UPDATE OF 02 JUNE 2017

Zinc trading range for the day is 163.3-168.3.Zinc prices dropped as inflows of imported zinc added to supplies despite fewer shipments from zinc smelters.Spot trading in Shanghai market was slack due to month-end liquidity crunch and soft demand.Zinc inventories in Shanghai increased 8,000-9,000 tonnes compared to levels before the Chinese Dragon Boat Festival during May 28-30.

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