Thursday, 22 June 2017

EPIC RESEARCH MCX ZINC UPDATE OF 22 JUNE 2017


Zinc trading range for the day is 162.5-175.1.Zinc prices gained on longstanding concerns over potential supply constraints.Spot premiums shrank in Shanghai, Tianjin and Guangdong markets narrowing 20-50 yuan per tonne and 100 yuan per, respectively, in Shanghai and Guangdong.
Combined zinc inventories in Shanghai, Tianjin and Guangdong decreased 7,800 to 120,000 tonnes last week.

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