Friday 18 July 2014

CAPITAL STROKE UPDATE 18 July-2014 : MCX ZINC




ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-143 R1-141 S1-137 S2-135
Zinc gained after China MMG lowered zinc output target for 2014, saying its Century mine will be closed after running out of resources in 2015.
When combined with continuously falling LME zinc inventories, LME zinc prices gained ground.
Zinc daily stocks at Shanghai exchange came down by 373 tonnes.

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