Wednesday 11 June 2014

CAPITAL STROKE UPDATE 11-June-2014 : MCX ZINC



Zinc trading range for the day is 124.3-127.7.
Zinc dropped on profit booking after price seen supported led by stronger-than-expected consumption and tight supply.
Chinese zinc demand is seen growing by 8 percent this year, the fastest since 2010, driven by auto sales.

Zinc daily stocks at Shanghai exchange came down by 26 tonnes.

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