Friday, 11 August 2017

EPIC RESEARCH MCX ZINC UPDATE OF 11 AUGUST 2017

Zinc trading range for the day is 184.4-190.8. Zinc prices pared gains on profit booking after prices rose as investors remained bullish ahead of production cuts in the world's top steel producer. The start of environmental inspections in Sichuan province had prompted 60 percent of local lead-zinc mines to shut down for month-long maintenance. Premiums for zinc in Shanghai bonded zones rose after the Shanghai prices rallied harder than LME prices, suggesting the gap for imports had become profitable.

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