EPIC RESEARCH MCX ZINC UPDATE OF 04 Nov 2016

Zinc trading range for the day is 160.1-168.7. Zinc prices gained supported by Chinese economic data that pointed to robust demand for industrial metals. Prices also seen supported on supply concerns after Glencore shuttered its Black Star mine in Australia. The ILZSG continues to anticipate that the supply of refined zinc metal will be constrained by a sharp reduction in the availability of zinc concentrates.
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