Monday, 14 May 2018

EPIC RESEARCH MCX ZINC UPDATE OF 14 MAY 2018

Zinc trading range for the day is 205.7-210.1.

Zinc prices gained as support seen on a mix of short-covering and buying by consumers of the steel-making metal that has been in a shortage for much of the past year.

Zinc inventories in China continued to decline as deliveries arriving warehouses across Shanghai, Guangdong and Tianjin from smelters dwindled.

China's refined zinc production rose 2.1 pct in April from a month earlier to 377,000 tonnes as smelters returned from maintenance.
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