EPIC RESEARCH MCX ZINC UPDATE OF 05 JULY 2017

Zinc trading range for the day is 178.5-183.7. Zinc ended with losses on profit booking tracking weakness in LME prices after prices gained amid dwindling stocks and shortages. Macquarie expects a 650,000-tonne zinc shortfall this year and sees prices breaching $3,000 a tonne by the fourth quarter. U.S. factory activity rose sharply in June to its highest level in almost three years suggesting economic growth in the second quarter gained some steam.

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