Monday, 15 January 2018

EPIC RESEARCH MCX ZINC UPDATE OF 15 JANUARY 2018

Zinc trading range for the day is 215-219.2.Zinc prices edged up to supported by potential shortages and low inventories, but some investors voiced concern about the lofty levels. LME inventories have tumbled 58 percent over the past 12 months to 180,150 tonnes after closures and suspensions of big mines in recent years. China's zinc and zinc alloy production dropped by 1.5 percent in 2017 to 4.73 million tonnes due to low processing fees.

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