Zinc trading range for the day is 152-154.8. Zinc settled flat as pressure seen as dollar gained after hawkish comments from Fed official after prices seen supported on escalating concern about mine supplies. Lower mine supplies mean China imports less concentrate and produces less zinc, which means consumers will have to import more metal China's reliance on domestic zinc concentrate has risen to nearly 90% from a previous 70-80% range. For more Accurate COMMODITY TIPS ✆ – 0731-6642300
Connect with our social media sites
Connect with our social media sites
YouTube | Google+ |
0 on: "EPIC RESEARCH MCX ZINC UPDATE OF 23 AUGUST 2016"