EPIC RESEARCH MCX ZINC UPDATE OF 17 April 2017
Posted by aditi on 12:39:00 with No comments
Zinc trading range for the day is 164.1-171.5. Zinc prices recovered on short covering after prices dropped earlier amid steadily increasing output from China. The global zinc market moved into a surplus of 19,800 tonnes in February from a deficit of 22,300 tonnes in January. ILZSG showed Chinese mine supply surged by nearly a fifth last year, helping to balance the big mine closures elsewhere, leaving total global mine production virtually flat.
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