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Thursday, 20 April 2017

EPIC RESEARCH MCX ZINC UPDATE OF 20 April 2017


Zinc trading range for the day is 160.8-168. Zinc dropped tracking LME prices closing up 1% at $2,550, rising above its 200-day moving average after prices dropped due to mounting China steel inventories .Prices in China's sizzling property market, accelerated in March on a monthly basis, shaking off cooling measures introduced to dampen speculative demand. China's March zinc output rose 0.8 percent year on year to 504,000 tonnes .




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