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Tuesday, 17 May 2016

EPIC RESEARCH MCX ZINC UPDATE OF 17 MAY 2016

Zinc trading range for the day is 124.4-127.8.    
Zinc recovered from lows on short covering but the upside was capped as data from China's manufacturing sector dampened hopes of stronger demand.
The soft data followed disappointing Chinese trade and inflation figures last week, adding to doubts about whether the world's second-largest economy is stabilizing.
Zinc daily stocks at Shanghai exchange came up by 247 tonnes.

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