Zinc to trade in 178.5-183.7: Achiievers Equities

Achiievers Equities' commodity report on Zinc

Zinc trading range for the day is 178.5-183.7.

Zinc ended with losses on profit booking tracking weakness in LME prices after prices gained amid dwindling stocks and shortages.

Macquarie expects a 650,000-tonne zinc shortfall this year and sees prices breaching $3,000 a tonne by the fourth quarter.

U.S. factory activity rose sharply in June to its highest level in almost three years suggesting economic growth in the second quarter gained some steam.

BUY ZINC JUL 2017 @ 180.50 SL 179.00 TGT 181.80-183.50.MCX.For all commodities report, click here

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