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Last Updated : Jul 27, 2017 01:35 PM IST | Source: Moneycontrol.com

Zinc to trade in 177.2-186: Achiievers Equities

According to Achiievers Equities, Zinc dropped on profit booking after prices gained earlier on news that China could ban imports of some scrap metal, from the end of 2018.

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Representative Image

Achiievers Equities' commodity report on Zinc


Zinc trading range for the day is 177.2-186.

Zinc dropped on profit booking after prices gained earlier on news that China could ban imports of some scrap metal, from the end of 2018.

Total production of zinc concentrate during January-July is expected to be 2.287 million tonnes (zinc content), up 1.6% on a yearly basis.

China’s zinc concentrate imports will fall to 190,000-200,000 tonnes in August after stabilizing through July and July.

BUY ZINC JUL 2017 @ 181.00 SL 180.00 TGT 182.40-183.50.MCX.

For all commodities report, click here


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First Published on Jul 27, 2017 01:35 pm
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