EPIC RESEARCH MCX ZINC UPDATE OF 29 AUGUST 2016

Zinc trading range for the day is 154-157.--Zinc rallied as fresh shutdowns in China's steel sector added to mine supply concerns to ignite a short-covering rally.--The jump in zinc occurred after state media said that China plans to cut steel production by 2.91 million tonnes in inner Mongolia this year.--Zinc inventories in both Shanghai and Tianjin fell further because of improving downstream purchases and limited inbound shipments. 
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