Trading Range Is 163.5-172.5 - Zinc

Zinc trading range for the day is 163.5-172.5. Zinc dropped tracking LME prices closed 1.8 percent lower at $2,584 as recent price gains have spurred miners around the world to increase output. WBMS data show global zinc market was in 177,000 tonnes of deficit during January and February 2017, compared to 258,000 tonnes of deficit in 2016. Expected shortages of zinc, may not materialize this year because recent price gains have spurred miners around the world to increase output.

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