Monday, 21 November 2016

DOLLAR ADVISORY MCX ZINC UPDATE OF 21 Nov 2016

Zinc trading range for the day is 166.8-177.8. Zinc prices gained on short covering amid speculative flows despite the dollar soared to a 14-year high. ILZSG recent session revealed global demand for refined zinc metal will increase a little more than a half percent this year. Combined zinc inventories in Shanghai, Tianjin and Guangdong added 4,500 to 240,500 tonnes this past week.
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