EPIC RESEARCH MCX ZINC UPDATE OF 27 JULY 2017

Zinc trading range for the day is 177.2-186. Zinc dropped on profit booking after prices gained earlier on news that China could ban imports of some scrap metal, from the end of 2018.Total production of zinc concentrate during January-July is expected to be 2.287 million tonnes (zinc content), up 1.6% on a yearly basis. China’s zinc concentrate imports will fall to 190,000-200,000 tonnes in August after stabilizing through July and July.



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