EPIC RESEARCH MCX ZINC UPDATE OF 21 DECEMBER 2017

Zinc trading range for the day is 203.9-208.7. Zinc prices gained tracking firmness in LME prices amid fears of supply shortages. Zinc premiums remained largely flat in inactive spot markets across the globe as spot demand was weak. Support for premiums is seen from nearby LME spreads moving to contango from backwardation after Glencore’s mine restart announcement.

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