EPIC RESEARCH MCX ZINC UPDATE OF 30 JANUARY 2018

Zinc trading range for the day is 220.6-234.2. Zinc surged with a weaker dollar triggering buying amid bets that tightening global supply will propel prices even higher. Under-investment in zinc mines during the economic downturn over the last 10 years has led to shortfall of the metal. LME zinc inventories have slumped below 180,000 tonnes, of which less than 100,000 tonnes is available to market – the least since 2008.

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