EPIC RESEARCH MCX Zinc UPDATE OF 08 October 2018

Posted by Commodity Updates by Epic Research on 12:26:00 with No comments


Zinc trading range for the day is 192.1-201.1.

* Zinc prices gained as support seen after disappointing U.S. nonfarm payrolls for September weighed on the dollar.

* Growth in China’s new bank loans likely rebounded modestly in September after easing the two previous months, as the government sought to ensure sufficient liquidity.

* China's hopes of negotiating a free trade pact with Canada or Mexico were dealt a sharp setback by a provision deep in the new U.S.-Mexico-Canada trade agreement.

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