EPIC RESEARCH MCX ZINC UPDATE OF 22 JANUARY 2018

Zinc trading range for the day is 214.9-223.3.Zinc prices gained as falling stockpiles and pollution alerts in a major industrial province of top metals producer China fuelled supply concerns. On-warrant LME stocks fell to 98,400 tonnes after 24,175 tonnes of cancellations. Rising supplies of zinc over the next couple of years are unlikely to replenish dwindling inventories to the extent that the market stops fretting about shortages.



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