Monday, 15 September 2014

CAPITAL STROKE UPDATE 15-September-2014 : MCX ZINC




ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-143 R1-141 S1-137 S2-135

Zinc prices ended with gains as support seen after data showed University of Michigan's September CCI topped market expectations.

China's refined zinc imports surged 39 percent to 421,130 tonnes in the first seven months of the year.

More refined zinc is likely to be shipped from bonded warehouses in China to warehouses approved by LME in Asia in the fourth quarter.

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