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Monday, 19 December 2016

EPIC RESEARCH MCX ZINC UPDATE OF 19 DECEMBER 2016


Zinc trading range for the day is 178.9-192.7. Zinc prices dropped on profit booking triggered by a rising dollar that cast doubt over demand strength and expectations of tighter supply. There is also idle mine capacity that can be reactivated to alleviate the supply deficit. ILZSG data for January-October shows zinc mine output fell 1.9% to 10.887 million tonnes, a drop of some 205,000 tonnes.




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