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Zinc prices may rise towards Rs 195/kg on MCX after phase one trade deal

Tuesday, December 17, 2019, 7:57 PM

All the industrial metals revolve around the same Sino-American trade and tariff situation. Zinc, the galvanizing metal was also caught in the trade and tariff conundrum which hampered its demand prospects and pressurised the prices. Since November 2019, Zinc prices on the LME have plunged over 11.6 percent whereas on the MCX, prices have dipped over 4.3 percent.