EPIC RESEARCH MCX ZINC UPDATE OF 08 MARCH 2018

Zinc trading range for the day is 210.3-217.7. Zinc prices dropped as the prospect of U.S. tariffs were bolstered by the resignation of a key advocate for free trade. China’s banking regulator plans to cut the amount of funds that banks are required to set aside to cover loan losses in a bid to provide more liquidity to the market. Small mines in China, which previously ramped up output to meet demand, are unable to renew permits under new environmental policies.

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