ZOID RESEARCH 11-JUNE-2014 : ZINC

We have been maintaining a bullish view in zinc metal lately as compared to lead with the underlying demand for the metal in the recent past been better.  Also, inventory performance suggests Zinc may continue to trade higher. While we agree that Lead commodity also managed decent performance yesterday, though its broad view is weighed by the trend as physical demand which remains subdued and the inventory performances at LME global stocks remain in a very constricted range or in other words clueless. For today both lead and zinc are expected to trade higher.


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