EPIC RESEARCH MCX ZINC UPDATE OF 16 JUNE 2017

Zinc trading range for the day is 158.1-164.3. Zinc prices gained as support seen after capacity cuts in China drove up steel prices by 3 percent. The global zinc market deepened its deficit to 92,400 tonnes in April from a revised deficit of 72,700 tonnes in March, ILZSG data showed. Euro zone industrial output grew in April and employment rose in the first quarter of the year to reach a record high, in fresh signs of healthy growth of the bloc's economy.



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