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Wednesday, 24 January 2018

EPIC RESEARCH MCX ZINC UPDATE OF 24 JANUARY 2018

Zinc trading range for the day is 217.6-221. Zinc dropped as pressure seen on profit booking after prices seen supported over the outlook for global growth and supply concerns. China produced 576,000 mt of zinc last month, up 7.3% from December 2016, according to data released by the National Bureau of Statistics. The operating rates at zinc smelters in December dropped 4.16 percentage points from the previous month with companies of all sizes seeing declines.









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