Friday 20 June 2014

CAPITAL STROKE UPDATE 20-June-2014 : MCX ZINC



ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-132 R1-130 S1-126 S2-124
Zinc rose after recent data showed a rising market deficit, and investors expect the figure to grow further as major mines shut down.

The global zinc market was in a 107,000 tonne deficit in January to April, versus a deficit of 17,000 tonnes in January-March.

Stockpiles tracked by the London Metal Exchange have dropped 28 percent this year to the lowest since December 2010.

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