EPIC RESEARCH MCX ZINC UPDATE OF 25 MAY 2016

Posted by Farhan Khan on 11:46:00 with No comments
Zinc trading range for the day is 121.5-125.5.    
Zinc settled flat as pressure seen on prices as a slump in imports rekindled
demand concerns on China, the world's biggest user.    
Shipments of refined zinc into the Asian nation shrank 49 percent in April from a month earlier and were down 24 percent from a year ago, customs data
showed.              
Goldman forecast global mine supply will drop 3.2 percent, as consumption
climbed 1.9 percent, triggering a deficit of 114,000 metric tons.       





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