Zinc on MCX settled up 0.12% at 125.5 as speculators closed out bearish positions before the weekend, but it pared gains as the dollar rebounded. The dollar has been buoyant after U.S. central bank officials said this week there was growing potential for higher interest rates given strong economic data.

               

 Global refined zinc production witnessed decline of 6.4% during the initial three-month period of 2016. The Chinese production of locally refined zinc dropped sharply by nearly 6.0% when compared with 2015.Content this no 9827808090.

 The global demand for the metal has dropped by 126 kt when matched with January to March in 2015.   

 The reported stock of the metal has increased by 51,000 tonnes during the initial quarter of the year. The LME zinc stocks tanked by 40,000 tonnes during the month of March and accounted for 38% of the global stock of the metal.

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 Zinc trading range for the day is 124.1-127.9.       

 
Global refined zinc production witnessed decline of 6.4% during the initial three-month period of 2016.