EPIC RESEARCH MCX ZINC UPDATE OF 1 JULY 2016
Posted by Unknown on 14:37:00 with No comments
Zinc trading range for the
day is 139.6-144.
Zinc prices settled above 142 level at the highest level in nearly a year as expectations of tight markets and potential shortages.
Total world stocks of zinc at the end of April stood at about 1.5mtns, according to the ILZS Group.
Zinc stocks in LME-approved warehouses, at 443,175 tonnes, have climbed more than 16% this year and are at their highest since the middle of March.
Zinc prices settled above 142 level at the highest level in nearly a year as expectations of tight markets and potential shortages.
Total world stocks of zinc at the end of April stood at about 1.5mtns, according to the ILZS Group.
Zinc stocks in LME-approved warehouses, at 443,175 tonnes, have climbed more than 16% this year and are at their highest since the middle of March.
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