Moneycontrol
Mar 21, 2017 01:47 PM IST | Source: Moneycontrol.com

Zinc to trade in 184.3-189.3: Achiievers Equities

According to Achiievers Equities, Zinc dropped on profit booking after prices rallied last week on reports that Chinese zinc smelters are planning maintenance.

Zinc to trade in 184.3-189.3: Achiievers Equities

Achiievers Equities' commodity report on Zinc


Zinc trading range for the day is 184.3-189.3.

Zinc dropped on profit booking after prices rallied last week on reports that Chinese zinc smelters are planning maintenance.

Chinese zinc maintenance to affect 540,000 T/year capacities.

In February, Korea Zinc Co.announced it will reduce its refined zinc output by 7.7% (or  50,000 mt) this year.

SELL ZINC MAR 2017 @ 187.50 SL 188.80 TGT 185.50-183.80.MCX.

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