EPIC RESEARCH MCX ZINC UPDATE OF 14 DECEMBER 2016

Posted by aditi on 10:49:00 with No comments
Zinc trading range for the day is 178.6-188.6. Zinc dropped on profit booking after prices gained earlier supported by release of strong retail and factory data in top metals consumer China. Zinc is the top performer on the LME this year with gains of 72 percent fuelled by fears of shortages after some major mines were closed or suspended. Data showed that China posted its strongest retail sales growth of the year in November and surging steel production lifted factory output.




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