MTECHTIPS;-Zinc to trade in 173.3-180.7 range: Achievers Equities

MTECHTIPS;-Zinc to trade in 173.3-180.7 range: Achievers Equities

MTECHTIPS- Zinc trading range for the day is 173.3-180.7. Zinc prices recovered from lows despite of stronger dollar in the wake of strong manufacturing data from China. Miners remain cautious about the market, and the market is expected to finish 2016 in deficit, demand expectations for 2017 are murky. China’s infrastructure spending programs have been a major boost to zinc demand and these programs will wind down in the second-half of the year. BUY ZINC JAN @ 176 SL 174.80 TGT 178.50-179.80. MCX.

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