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Wednesday 27 April 2016

EPIC RESEARCH MCX ZINC UPDATE OF 27 APRIL 2016

Zinc trading range for the day is 122.9-127.3.    
Zinc prices gains as prices seen supported by a softer dollar after earlier prices dropped amid worries over demand China.               
The International Lead and Zinc Study Group recently released new data that found the global market for refined zinc recorded a surplus during the first half of 2015.              
The LME, SHFE and Chinese SRB warehouse inventories decreased in 2015 with 79% of the refined zinc stored in LME warehouses in New Orleans.

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