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Zinc dropped below 183 level to settle down at 182.50 as pressure seen

Zinc dropped below 183 level to settle down at 182.50 as pressure seen

Zinc trading range for the day is 179-187.4. Zinc dropped below 183 level to settle down at 182.50 as pressure seen after China has cut its growth target this year. Russias No. 1 zinc miner Ural Mining & Metallurgical Co., plans to boost zinc output by as much as 15 percent amid global supply curbs. China has cut its growth target this year as economy pushes through painful reforms to address a rapid build-up in debt.

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