EPIC RESEARCH MCX ZINC UPDATE OF 1 AUGUST 2016

Posted by Farhan Khan on 12:16:00 with No comments
Zinc trading range for the day is 145.5-153.1.    
Zinc gained as prices were benefiting from higher demand coming from China which is being reflected in the surge in Chinese imports this year.        
Chinese-owned MMG Ltd. is seeking new zinc mines in Peru after a dearth of global exploration in past decades led to an output crunch.
The global market for refined zinc metal was in deficit by 64,000 mt from January to May 2016 with total reported inventories falling by 24,000 mt.


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