Monday, 12 June 2017

EPIC RESEARCH MCX ZINC UPDATE OF 12 JUNE 2017

Zinc trading range for the day is 156.6-166.6.Zinc prices gained as support seen after update some Chinese zinc smelters will undertake maintenance cycle in June, and will hurt zinc production.Zinc ingot inventories in Guangdong fell 6,200 tonnes to a record low of 26,000 this past week.China’s refined zinc output was 407,000 tonnes in May, down 1.5% on the month and 10.4% year-on-year.

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