EPIC RESEARCH MCX ZINC UPDATE OF 07 JULY 2017

Zinc trading range for the day is 176.8-183.6. Zinc gains tracking rise in LME prices by 0.20% as some galvanizers in North China were restricted by strip steel supply shortages. An ore shortage will see the global refined zinc deficit gradually widen over the next few years, with producers to curb output. South Korea is seeking to buy a total of 2,000 tonnes of zinc for October arrival via tenders, state-run Public Procurement Service said.

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