EPIC RESEARCH MCX ZINC UPDATE OF 14 FEBRUARY 2017

Zinc trading range for the day is 192.8-200. Zinc dropped tracking weakness from LME zinc closed down 0.3 percent as stronger dollar weighed. The surge was mainly because Korea Zinc expected its sales to fall by 6.7% in 2017 in its financial report, which raised market expectation. Zhuzhou Smelter Group will remove its old factory in 2017, and output will not be affected over the year, as the plan is only at the initial stage.

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