Thursday, 17 August 2017

EPIC RESEARCH MCX ZINC UPDATE OF 17 AUGUST 2017

Zinc trading range for the day is 183.1-208.9. Zinc prices rose as Chinese infrastructure demand that has fed a rally in steel prices for months spills into markets for steelmaking raw materials.The rally in zinc, comes as China steps up plans to develop infrastructure while capacity cuts in its steel industry reform boost prices.Supporting prices was a fall in on-warrant zinc available to the market at LME-registered warehouses of 5,500 tonnes, to 149,700 tonnes.

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