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Zinc prices dropped as funds cut bets on higher prices

Zinc prices dropped as funds cut bets on higher prices

Zinc trading range for the day is 174.2-185.6. Zinc prices dropped as funds cut bets on higher prices as supply concerns faded. The market focus is on New Orleans, warehouses on-warrant stocks have dropped to 183,800 tonnes after a further 21,300 tonnes of cancellations. Zinc daily stocks at Shanghai exchange came down by 323...
Zinc dropped as pressure seen after the Chinas economic growth

Zinc dropped as pressure seen after the Chinas economic growth

Zinc trading range for the day is 180.9-189.3. Zinc dropped as pressure seen after the Chinas economic growth is likely to slow to 6.5 percent this year. Prices can see support as Miner Volcan said it had declared force majeure on its mineral deliveries after heavy flood. Perus Zinc production output increased by 11.3 percent in January from the same month a year earlier official data...
Zinc gained on expectations the closure and suspensions of big mines

Zinc gained on expectations the closure and suspensions of big mines

Zinc trading range for the day is 182.5-191.5. Zinc gained on expectations the closure and suspensions of big mines will create shortages. The ILZSG estimates that the refined zinc market was in a deficit of 286,000 tonnes in the whole of 2016 compared with a surplus of 189,000 tonnes in 2015.Combined zinc inventories in Shanghai, Tianjin and Guangdong decreased 9,600 to 277,100 tonnes this past...
Zinc dropped as pressure seen after higher dollar ahead

Zinc dropped as pressure seen after higher dollar ahead

Zinc trading range for the day is 173.8-185.4. Zinc dropped as pressure seen after higher dollar ahead of Wednesday’s decision on U.S. interest rates by the Federal Reserve created pressure. Prices dropped despite China issued a raft of upbeat data showing the economy got off to a strong start to 2017, supported by strong bank lending. Trader are eyeing on China as China historically been a major importer of zinc concentrates to top up domestic supply to its...
Zinc futures drop 1.56% on global cues, Have a Look!

Zinc futures drop 1.56% on global cues, Have a Look!

Zinc futures were trading lower during evening trade in the domestic market on Thursday as investors & speculators exited their positions in the industrial metal on uptick in the US dollar ahead of the US non-farm payrolls data on Friday. Traders keenly eyed the February non-farm payrolls data tomorrow as a barometer of the US economy after Fed Chair Yellen said last week that the central bank was poised to lift rates provided jobs & inflation data held upward. At the MCX, zinc futures for March 2017 contract is trading at Rs 177.20/kg, downward by 1.56 %, after opening at Rs 179.80, against a last close of Rs 180. It touched the intra-day low of Rs...
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