EPIC RESEARCH MCX ZINC UPDATE OF 06 NOVEMBER 2017

Zinc trading range for the day is 206.3-213.3.Zinc prices ended with losses as pressure seen due to rise in Chinese inventories. Weekly data showed zinc inventories in warehouses monitored by the Shanghai Futures Exchange jumped 22 percent indicating supplies were adequate. Global demand for refined zinc metal will exceed supply by 398,000 in 2017, while a deficit of 223,000 tonnes is expected next year.

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