Thursday 21 August 2014

CAPITAL STROKE UPDATE 22-August-2014 : MCX ZINC



ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-146 R1-144 S1-141 S2-139
Zinc edged lower after data showed that China's factory activity slowed to a three-month low in August, fuelling concerns over the health of economy.

China's MMG Ltd said the global deficit in the metal had increased faster than expected.

Global zinc market deficit expanded to 234,000 tonnes in the first six months of 2014– ILZSG

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