EPIC RESEARCH MCX ZINC UPDATE OF 30 OCTOBER 2017

Zinc trading range for the day is 205.4-213.8. Zinc prices dropped tracking weakness in LME prices on profit booking after prices gained on the back of global supply worries amid China’s environmental crackdown.Adding pressure on prices was a 5.6 percent rise in inventories in warehouses monitored by the Shanghai Futures Exchange from last Friday to 71,558 tonnes.China's General Administration of Customs released data showed China’s imported volume of refined zinc in September surges 368.3% in yearly basis to 77,198 tonnes.



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