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Tuesday, 6 December 2016

EPIC RESEARCH MCX ZINC UPDATE OF 6 DECEMBER 2016


Zinc trading range for the day is 182.5-190.9. Zinc prices continued its firm trend underpinned by weakness in the dollar. Glencore is still keeping the zinc market guessing over when the company will reactivate its 500,000 tonnes of idled mine capacity. Combined zinc inventories in Shanghai, Tianjin and Guangdong were down 2,200 to 223,000 tonnes this past week.

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