Friday, 24 March 2017

Zinc Trading Range For The Day Is 179.6-188.8 by Ripples Advisory Pvt Ltd

Zinc on MCX settled down -1.61% at 183.65 tracking weakness from LME Zinc which fell to a one-week low, down 1.5 percent at $2,814 a tonne despite a spate of mine disruptions. A 3-1/2-week strike at Noranda Income Fund's zinc processing facility in Quebec is showing no signs of ending, with no talks set between workers and management.

Trading Ideas:

*Zinc trading range for the day is 179.6-188.8.

*Zinc on MCX settled down despite a spate of mine disruptions.

*China’s Zinc premiums fell $10 to $105-$115, the lowest since August 2015.

*China imports of zinc ore and concentrates fell 10% year-on-year to 181,800 tonnes last month.

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Riyanshi

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