Monday, 5 June 2017

EPIC RESEARCH MCX ZINC UPDATE OF 05 JUNE 2017

Zinc trading range for the day is 159.7-167.5.Zinc prices dropped pressured by weaker iron ore and oil prices plus concern about demand in top consumer China.Zinc prices were also knocked by a jump in available inventories, showing that supplies were adequate despite the closure of major mines last year.On-warrant LME inventories - those not earmarked for delivery and therefore available to investors climbed by 11 percent to 179,325 tonnes.

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