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Zinc to trade in 188.7-196.5 range: Achiievers Equities

According to Achiievers Equities, Zinc dropped tracking LME prices settling down by 1.1 percent at $2,870 as pressure seen due rise in LME Stocks

February 16, 2017 / 11:54 AM IST

Achiievers Equities' report on ZincZinc trading range for the day is 188.7-196.5.  Zinc dropped tracking LME prices settling down by 1.1 percent at $2,870 as pressure seen due rise in LME Stocks  The global zinc market had a deficit of 286,000 tonnes last year versus a surplus of 189,000 tonnes in 2015, industry data showed.  U.S. retail sales rose more than expected in January and consumer prices recorded their biggest gain in nearly four years  BUY ZINC FEB 2017 @ 191.50 SL 190.00 TGT 192.80-194.00.MCX.  For all commodities report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

first published: Feb 16, 2017 11:54 am

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