Metal Stocks Outlook For The Week – 18 to 22.12.2017

Metal Stocks Outlook For The Week – 18 to 22.12.2017

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             Equity Cash/Futures/Options Segment 

The stocks of metal and mining companies, which have been underperforming benchmark indices for seven consecutive weeks, are likely to see a reversal in the trend next week. Stocks of metal
companies may record sharper gains. The technical trend for most metal companies, especially large-cap ones, had turned positive. Fundamentally, the view for both steel and zinc producers remains robust. Zinc prices have on the London Metal Exchange has been firm due to a supply deficit. With demand continuing to remain stable and lower-than expected mine restarts by Glencore, we expect LME zinc prices to remain stable through to FY19.

Source : Cogencis Information Services Ltd.

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