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Wednesday 2 May 2018

EPIC RESEARCH MCX ZINC UPDATE OF 2 MAY 2018

Zinc trading range for the day is 202.3-210.3. Zinc dropped after US delayed aluminium and steel tariffs for some countries and announced permanent exemptions for. Global demand for refined zinc is expected to exceed supply by 263,000 tonnes, while lead is likely to be in a deficit of 17,000 tonnes this year. Spot zinc concentrate treatment charges basis cif to major East Asian ports remained flat while lead concentrate terms declined marginally in April.

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