MTECHTIPS;-Zinc to trade positive

MTECHTIPS;-Zinc to trade positive

MTECHTIPS-Zinc prices surged to their highest in almost a decade on Wednesday while aluminium and copper hit their highest since 2014 as rises across most industrial metals triggered pre-set buy orders and a wave of speculative buying.The metal used to galvanise steel is benefiting from Chinese infrastructure development and higher steel prices caused by capacity cuts, ANZ analyst Daniel Hynes said.We expect base metal prices likely to trade positive on the back of expectation of strong demand from China

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