Friday, 4 July 2014

CAPITAL STROKE COMMODITY UPDATE 4 JULY 2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-138 R1-136 S1-132 S2-130
Zinc dropped on profit booking after prices touched a near three-year peak, with fund buying lifting the sector as the demand outlook brightens.
Prices seen supported lifted by expectations that mine closures and declining ore grades would lead to shortages in the market.
LME stocks of special high-grade zinc in the US totaled 729,275 metric tons, falling by nearly 17% from 874,350 metric tons in March 2013. For more details visit : http://capitalstroke.com/ or call us at : 9770570009

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