EPIC RESEARCH MCX ZINC UPDATE OF 07 MARCH 2018

Zinc trading range for the day is 211.8-219.2. Zinc prices dropped as pressure continues amid an increase in stocks calmed fears about availability. On-warrant stocks available to the market in LME warehouses have risen by 111 percent in two days to 177,000 tonnes, reducing fears of supply shortages. Inventories in Shanghai Futures Exchange warehouses have also doubled to 150,000 tonnes this year.

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