EPIC RESEARCH MCX ZINC UPDATE OF 20 JULY 2016

Posted by Farhan Khan on 11:48:00 with No comments
Zinc trading range for the day is 147.9-151.9.    
Zinc extended its advance to the highest level in more than a year on concerns over a looming supply deficit.
Data showed China’s home-price gains tapered off last month, as second-tier cities joined some of the nation’s largest hubs in imposing housing curbs to cool surging prices.
Stockpiles in warehouses tracked by the LME fell to 438050 tons as of Tuesday, down more than a quarter from a peak of about 617,000 tons in September.


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