Monday, 17 July 2017

EPIC RESEARCH MCX ZINC UPDATE OF 17 JULY 2017

Zinc trading range for the day is 176.2-182. Zinc prices dropped as warehouse inventories monitored by the Shanghai Futures Exchange jumped 16.2 percent from last Friday to 77,786 tonnes. Also, LME data showed a 28,500 tonne, or 41 percent, daily increase in "on-warrant" or available inventory. Zinc prices have moved sharply higher over the past month, spurred by tight supply amid tougher Chinese environmental regulations.



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