EPIC RESEARCH MCX ZINC UPDATE OF 4 JULY 2016
Posted by Unknown on 13:05:00 with No comments
Zinc trading range for the day is
140.2-148.
Zinc prices rallied continuing its firm trend rising for a fourth straight session as funds continue to pile into the market.
Expectations of potential shortages have fuelled buying in zinc but an inventory overhang means the metal is readily available for consumers. Total world stocks of zinc at the end of April stood at about 1.5 million tonnes, according to the International Lead and Zinc Study Group.
Zinc prices rallied continuing its firm trend rising for a fourth straight session as funds continue to pile into the market.
Expectations of potential shortages have fuelled buying in zinc but an inventory overhang means the metal is readily available for consumers. Total world stocks of zinc at the end of April stood at about 1.5 million tonnes, according to the International Lead and Zinc Study Group.
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