EPIC RESEARCH MCX ZINC UPDATE OF 28 MAY 2018

Posted by Commodity Updates by Epic Research on 14:50:00 with No comments

Zinc trading range for the day is 205.1-210.1.

Zinc dropped as pressure on prices as the tightness of global zinc concentrate is likely to ease from this year onwards with new capacities and recovered capacities.

About 664,000 mt of zinc concentrate output are estimated to be added in the international market in 2018 and 683,000 mt in 2019.

Global zinc concentrate output is estimated to grow 814,000 mt in 2018 and 833,000 mt in 2019.

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