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Friday, 13 May 2016

EPIC RESEARCH MCX ZINC UPDATE OF 13 MAY 2016

Zinc trading range for the day is 121.2-130.2.    
Zinc prices ended with losses on profit booking after prices gained in last some sessions underpinned by shrinking supply.
LME zinc stocks fell to 392,600 tonnes on May 10, the lowest since 2009 and about two-thirds below 2013's record peak.               
But much stock is thought to have been shifted to cheaper storage outside LME warehouses. 

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