EPIC RESEARCH MCX ZINC UPDATE OF 31 OCTOBER 2017

Zinc trading range for the day is 209.7-214.1. Zinc gained as support seen after Glencore lowered its production forecast for zinc citing operational difficulties, maintenance and end-of-mine-life declines. China’s refined zinc import is 77,198 tonnes in September, rising 368.26% on yearly basis and 17.7% on monthly basis. In the week, week LME Zinc inventories reduces from 2,825 tonnes to 266,145 tonnes, and current premiums of LME spot zinc keeps high level ($55-60 per tonne).

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