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Thursday, 16 February 2017

EPIC RESEARCH MCX ZINC UPDATE OF 16 FEBRUARY 2017


Zinc trading range for the day is 188.7-196.5 Zinc dropped tracking LME prices settling down by 1.1 percent at $2,870 as pressure seen due rise in LME Stocks The global zinc market had a deficit of 286,000 tonnes last year versus a surplus of 189,000 tonnes in 2015, industry data showed. U.S. retail sales rose more than expected in January and consumer prices recorded their biggest gain in nearly four years .

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