Tuesday, 15 July 2014

CAPITAL STROKE UPDATE 14 July-2014 : MCX ZINC




ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-142 R1-140 S1-136 S2-134
Zinc prices seen supported as stockpiles at the lowest level in more than three years fueled concern demand.

Inventories of zinc monitored by the LME fell 29 percent this year and had a 14th straight weekly drop this week.

Global zinc demand will exceed supply by 290,000 tons in 2014 and by 300,000 tons in 2015.

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