EPIC RESEARCH MCX Zinc UPDATE OF 22 November 2018

Zinc trading range for the day is 183.7-189.7.

Zinc gained on short covering after prices dropped after turbulent trade with U.S. stocks and global oil market tumbling amid concerns over global economic growth.

Pressure also seen on weaker Chinese automobile usage in October and a faster-thanexpected rise in mined zinc supply.

The premium of LME cash zinc over the three-month contract soared to $US97 a tonne, the highest since at least June 2009.


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