EPIC RESEARCH MCX ZINC UPDATE OF 18 JANUARY 2018

Zinc trading range for the day is 215.5-220.5.Zinc dropped on profit booking ahead of the release of data that is expected to show China’s economic growth slowed in the fourth quarter. Inventories are expected to increase due to weak consumption even though domestic supply remained tight due to environmental concerns. China's zinc and zinc alloy production dropped by 1.5 percent in 2017 to 4.73 million tonnes due to low processing fees.



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