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Monday, 6 March 2017

EPIC RESEARCH MCX ZINC UPDATE OF 06 MARCH 2017


Zinc trading range for the day is 183-189.4. Zinc prices settled flat as pressure seen tracking LME prices slipped 0.2 percent to $2,775 a tonne as the dollar largely retained recent gains. Combined zinc inventories in Shanghai, Tianjin and Guangdong added 1,100 to 299,100 tonnes this past week, data showed. Global zinc stocks across the London Metal Exchange (LME), China and the United States are now at their smallest since 2009 on a seasonal basis.

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