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Thursday 29 September 2016

EPIC RESEARCH MCX ZINC UPDATE OF 29 SEPTEMBER 2016

Zinc trading range for the day is 152.2-156.8. Zinc prices gained as support seen after stocks and cancelled warrants both fell 825 tonnes to 440,650 tonnes and 27,875 tonnes respectively. Nyrstar will restart its Tennessee zinc mine, with output at its full capacity of 50,000 tonnes per year expected by November 2017. Zinc has surged 44 percent this year, the best metals performer of 2016, amid tightness in supply due to mine depletion and closures. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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