MTECHTIPS:-Zinc to trade in 179.1-188.9 range: Achievers Equities

MTECHTIPS:-Zinc to trade in 179.1-188.9 range: Achievers Equities

MTECHTIPS- Zinc trading range for the day is 179.1-188.9. Zinc prices ended with weak sentiment as a firmer U.S. dollar pressured the market. Zinc inventories in Shanghai, Tianjin and Guangzhou added 15,300 tonnes to 216,000 tonnes in January. Downstream producers are expected to restart earlier after the 2017 Chinese New Year holiday compared to years past. SELL ZINC JAN @ 186 SL 188.50 TGT 184.20-180.80. MCX.

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