EPIC RESEARCH MCX Zinc UPDATE OF 3 August 2018

Zinc trading range for the day is 172.6-181.6.

Zinc recovered on short covering after prices dropped as U.S. officials confirmed a proposed increase in tariff rate on $200 billion worth of Chinese goods.

Weak consumption in the low season shrank spot zinc premiums in the Shanghai market, expectations of imports also accounted for the lower premiums.

U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports.

Warehouse stock for Zinc at LME was at 236150mt that is down by -1975mt.

Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+