Zinc trading range for the day is 194.3-199.7.
Zinc dropped on profit booking as the U.S. dollar strengthened
Zinc mines have been ramping up, but smelters have not been able to keep up, so shortages of refined metal have persisted.
Chinese smelters have been caught between a tight concentrates market and an escalation of environmental regulations.
Warehouse stock for Zinc at LME was at 63750mt that is down by -800mt.
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

No comments:
Post a Comment