EPIC RESEARCH MCX ZINC UPDATE OF 04 JANUARY 2018

Zinc trading range for the day is 211.2-214. Zinc dropped on profit booking as commodities traders said mixed signals were also emerging over the extent of China's demand. Shortages have led to a drawdown of inventories in LME-approved warehouses, which at 180,975 tonnes are down 70 percent since September 2015. Stocks in warehouses monitored by the Shanghai Futures Exchange at 68,630 tonnes are down 65 percent since March last year.






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