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Friday 20 May 2016

EPIC RESEARCH MCX ZINC UPDATE OF 20 MAY 2016

Zinc trading range for the day is 123.7-126.7.    
Zinc prices dropped undermined by a firmer dollar as better U.S. economic data boosted bets of a June rate hike         
Goldman Sachs has raised its price forecast for zinc due to expectations of a tightening supply because of its high exposure to a pick-up in Chinese infrastructure.            
Zinc will get a boost as China spends more on infrastructure, two major mines were depleted and some producers cut supply.

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