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Wednesday 18 May 2016

EPIC RESEARCH MCX ZINC UPDATE OF 18 MAY 2016

Zinc trading range for the day is 124.7-127.7.    
Zinc prices gained marginally as the US dollar eased a bit and on the hopes of Chinese stimulus this week.      
News that Chinese banks cut new lending sharply in April after a record first-quarter credit spree reinforced the idea that the country's leaders are more cautious.            
Zinc daily stocks at Shanghai exchange came down by 150 tonnes.  

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