EPIC RESEARCH MCX ZINC UPDATE OF 28 FEBRUARY 2017
Posted by aditi on 11:24:00 with No comments
Zinc trading range for the day is 185.4-189.6. Zinc gained after LME data showed on-warrant inventories- slid 11 percent to 258,050 tonnes, the lowest since January 2009. Zinc prices have nearly doubled over the past 13 months and signs of tightening in global market means the rally may have further to run. A strike at Noranda Income Fund's zinc processing plant in Quebec stretched into a 13th day, with no talks scheduled between management and workers.
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