EPIC RESEARCH MCX ZINC UPDATE OF 11 MAY 2018

Zinc trading range for the day is 205-210.2. Zinc prices dropped as pressure seen after supply of imported zinc increased. Zinc smelters in Yunnan, Sichuan, Guangxi and Anhui restored normal operating rates after overhauls, but other plants started maintenance, capping output increases. Peru’s zinc mine production rose by 7.2% year on year in March, attributed to a recovery from last year’s decline caused by torrential rainfall.

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