EPIC RESEARCH MCX ZINC UPDATE OF 3 Nov 2016

Zinc trading range for the day is 160.3-164.5. Zinc dropped on profit booking after prices gained recently on supply concerns after Glencore shuttered its Black Star mine in Australia. The ILZSG group continues to anticipate that the supply of refined zinc metal will be constrained by a sharp reduction in availability of zinc. In 2017, the market is expected to remain in deficit with the extent of the shortage forecast at 248,000 mt.
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