EPIC RESEARCH MCX ZINC UPDATE OF 19 April 2017

Posted by aditi on 11:40:00 with No comments
Zinc trading range for the day is 157.8-170.8. Zinc dropped as pressure seen after disappointing U.S. housing starts data and nerves over trade talks between the United States and Japan Zinc smelters will only report limited output growth because of low zinc concentrate inventories and at the same time, inventories will fall as consumption improves with warmer weather. Refined zinc supply remains resilient in the country, where refined production rose by 4.4% year-on-year in the first two months of 2017.

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