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Monday, 28 November 2016

EPIC RESEARCH MCX ZINC UPDATE OF 28 NOVEMBER 2016


Zinc trading range for the day is 181.9-205.1. Zinc prices rallied on bets that demand was picking up faster than supply amid a broad-based rally across the metals complex. Markets have long believed zinc was heading for a supply shortfall as demand picked up. The zinc market is expected to see a 400,000 tonne deficit this year, but this could easily be offset by inventories.




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