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Friday 16 March 2018

EPIC RESEARCH MCX ZINC UPDATE OF 16 MARCH 2018



Zinc trading range for the day is 208.1-211.9. Zinc prices recovered to end with gains as Chinese data showed real estate investment and industrial output rising at a faster than expected pace. Zinc plating companies in north China face fresh output cuts as several cities are likely to extend the heating season by five to 15 days. Inventories in Shanghai, Guang dong and Tianjin stand at high levels and as imports grow, greater attention should be paid to inventory pressures.

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