ZINC: -CONSOLIDATE STRATEGY BUY ON DIP R2-148 R1-146 S1-142 S2-140
Zinc settled flat as macroeconomic news released yesterday was mixed, with zinc prices continuing to see pressure.
The US ISM manufacturing index fell from June’s 62.6 to 52.6 in July, well below forecast.
Zinc daily stocks at Shanghai exchange came down by 51 tonnes.
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