Wednesday, 11 July 2018

EPIC RESEARCH MCX ZINC UPDATE OF 11 July 2018

Zinc trading range for the day is 176.1-189.5.

Zinc prices fell to their lowest in more than a year in yesterdays session as rising supplies and a narrowing deficit sparked a sell-off.

The global market balance in zinc will be much less tight this year due to mine openings and expansions-ILZSG said.

Many funds with bets on higher zinc prices were cutting their positions, which had helped fuel downward momentum.


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