EPIC RESEARCH MCX ZINC UPDATE OF 28 AUGUST 2017

Zinc trading range for the day is 191.6-202.4.Zinc dropped tracking weakness in LME prices due to profit booking after prices seen supported on the back of robust demand signs in China and falling stockpiles.Bulls will take heart from July’s refined metal imports of 68,000 tonnes, the highest monthly tally since March 2016.Concentrate imports are up 26 percent at 1.46 million tonnes this year, largely because of a close to 50 percent surge from Peru.

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