Tuesday, 20 June 2017

EPIC RESEARCH MCX ZINC UPDATE OF 20 JUNE 2017

Zinc trading range for the day is 161.8-166.8. Zinc prices ended with gains on rising steel prices and as inventories steel hit a nine-year low, highlighting a potential shortage of metal. Prices also seen supported after China's government said it was beating its targets for capacity closure.The market focus is on New Orleans warehouses' on-warrant stocks which have dropped to 144,975 tonnes after a further 24,475 tonnes of cancellations.



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