EPIC RESEARCH MCX ZINC UPDATE OF 7 JUNE 2018

Zinc trading range for the day is 211.7-218.1. Zinc prices dropped on profit booking as pressure after rise in LME stocks. The tightness of global zinc concentrate is likely to ease from this year onwards with new capacities and recovered capacities. China’s central bank lent 463 billion yuan ($72.43 billion) to financial institutions via its 1-year medium-term lending facility (MLF) with rates unchanged.

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