EPIC RESEARCH MCX ZINC UPDATE OF 13 April 2017

Posted by aditi on 12:18:00 with No comments
Zinc trading range for the day is 164.1-170.3.Zinc gained on short covering after prices dropped recently as data showed Chinese mine supply surged by nearly a fifth last year.The global zinc market moved into a surplus of 19,800 tonnes in February from a deficit of 22,300 tonnes in January, data from ILZSG showed.In the first two months of the year, the zinc market was in a deficit of 2,000 tonnes versus a surplus of 44,000 tonnes in the same period last year.

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