EPIC RESEARCH MCX Zinc UPDATE OF 27 November 2018

Posted by Commodity Updates by Epic Research on 11:34:00 with No comments


Zinc trading range for the day is 174.4-185.4.

* Zinc prices fell as expectations of weaker demand from Chinese steel mills overpowered signs that the market is short of metal.

* An expected surge in refined zinc output after a clutch of new mine openings has been derailed by bottlenecks at smelters across Asia.

* China's forced environmental cutbacks on zinc slag, and falling refined prices in the second quarter, prompted many smelters to cut production.


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