EPIC RESEARCH MCX ZINC UPDATE OF 26 APRIL 2018

Zinc trading range for the day is 206.3-216.3. Zinc dropped tracking LME prices dropped 2.4 percent at $3,135 a tonne as pressure seen after LME stocks surged 28,150 tonnes or 15.5 percent. In zinc, orders to withdraw the metal from warehouses tracked by the London Metal Exchange fell 12 percent to the lowest since 2012. US consumer confidence rebounded in April and new home sales increased more than expected in March.

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