EPIC RESEARCH MCX ZINC UPDATE OF 2 MAY 2016

Posted by Farhan Khan on 11:55:00 with No comments
Zinc trading range for the day is 126.4-131.        
Zinc prices rallied amid talk of maintenance-led smelter production cuts and in anticipation of tightening global ore supply and improved Chinese metal demand. 
According to ILZSG forecasts, global demand for refined zinc metal will witness a growth of 3.5% to 14.33 million tonnes in 2016.   
Also, global refined zinc metal production will increase by 0.5% to 13.98 million tonnes in 2016

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