EPIC RESEARCH MCX Zinc UPDATE OF 10 April 2019
Posted by Commodity Updates by Epic Research on 11:48:00 with No comments
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Zinc trading range for the day is 221.7-228.7.
* Zinc prices dropped on concerns that metal smelters may raise supply amid a surge in treatment charges.
* Market participants are concerned that supplies of finished zinc will surge after smelters and miners agreed to a sharp rise in the latest treatment and refining charges.
* For Chinese smelters, those charges have climbed to about 6,350 yuan a tonne for domestic concentrate from 3,500 yuan at the start of 2018.
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