EPIC RESEARCH MCX Zinc UPDATE OF 16 November 2018

Posted by Commodity Updates by Epic Research on 11:57:00 with No comments

Zinc trading range for the day is 181.9-194.5.

* Zinc gained supported by expectations of potential stimulus measures in China to boost the economy after recent data pointed to cooling growth.

* China Oct zinc output -7.6 pct y/y at 501,000 tonnes - stats bureau

* The global zinc market deficit narrowed to 54,700 tonnes in September from a revised deficit of 81,800 tonnes in August, data from the ILZSG showed.

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