Wednesday, 12 July 2017

EPIC RESEARCH MCX ZINC UPDATE OF 12 JULY 2017

Zinc trading range for the day is 176.9-185.5.Zinc prices recovered from lows and ended with gains as dwindling stocks led to supply fears. Combined zinc inventories in Shanghai, Tianjin and Guangdong increased 5,500 mt to 116,800 mt this past week.The net long position in zinc was 26 percent of open interest, the largest speculative long of any base metal and close to the highest since November.

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