EPIC RESEARCH MCX Zinc UPDATE OF 17 October 2018
Posted by Commodity Updates by Epic Research on 11:58:00 with No comments
Zinc trading range for the day is 190.3-196.9.
* Zinc dropped amid lean factory-gate inflation data in China and nagging concerns about global growth.
* Production cutbacks at China's zinc smelters in response to tighter environmental checks and weaker profits have tightened supply.
* Demand for refined zinc will exceed supply by 322,000 tonnes this year and 72,000 tonnes in 2019, the ILZSG said.
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