MTECHTIPS:-Zinc to trade in 185.2-191.4

MTECHTIPS:-Zinc to trade in 185.2-191.4

MTECHTIPS-Zinc trading range for the day is 185.2-191.4. Zinc prices gained tracking rise in LME prices supported by higher Chinese steel prices. China’s refined zinc output was 455,000 tonnes in July, down 1.66% on the month but up 1.62% on a yearly basis. Refined zinc production totaled 3.051 million tonnes in the first seven months of the year, a drop of 1.73% year-on-year. BUY ZINC AUG 2017 @ 187.00 SL 185.50 TGT 188.80-190.50. MCX

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