EPIC RESEARCH MCX ZINC UPDATE OF 27 MAY 2016

Posted by Farhan Khan on 12:10:00 with No comments
Zinc trading range for the day is 123.2-127.8.    
Zinc prices gained as supply cuts begin to take effect and inventories of the metal fall to the lowest since 2009.            
China’s zinc concentrate imports hit a 20-month low of 147,000 tonnes in April, down 23.77% month-on-month and 36.82% year-on-year, according to China Customs.        
Chinese zinc miners and smelters cranked up output in March after prices rallied, raising questions over the market's bullish scenario. 


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