EPIC RESEARCH MCX Zinc UPDATE OF 04 October 2018
Posted by Commodity Updates by Epic Research on 11:37:00 with No comments
Zinc trading range for the day is 192.5-203.5.
* Zinc gained on falling stockpiles and rising Chinese premiums, but gains were capped by signs that growth in top metals consumer China is cooling.
* Zinc inventories in SHFE warehouses are at more than decade lows and premiums above $200 a tonne have hit their highest since November 2013.
* Refined zinc production in China has been low because of the smelter cuts.
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