EPIC RESEARCH MCX ZINC UPDATE OF 6 MAY 2016
Posted by Unknown on 11:28:00 with No comments
Zinc trading range for the day is 122-126.4. Zinc dropped as the stronger dollar weighed on prices, with a slide below key technical support and concerns about demand adding to the downward pressure.
Chinese data showed factory activity in the world's top metals consumer shrank for a 14th consecutive month in April has blunted optimism over demand for metals.
Zinc daily stocks at Shanghai exchange came down by 149 tonnes.
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