EPIC RESEARCH MCX ZINC UPDATE OF 1 JUNE 2016

Posted by Farhan Khan on 11:43:00 with No comments
Zinc trading range for the day is 126.6-131.2.    
Zinc prices gained on the expectation that activity in China's manufacturing sector will improve and actual data unexpectedly expanded for the third straight month in May.   
The official PMI was unchanged from April at 50.1 last month, barely above the 50-mark that separates expansion in activity from contraction on a monthly basis.   
Zinc demand will benefit to the extent that China continues to rely on infrastructure growth for overall economic support


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