EPIC RESEARCH MCX Zinc UPDATE OF 5 November 2018

Posted by Commodity Updates by Epic Research on 11:37:00 with No comments


Zinc trading range for the day is 184.8-194.

* Zinc settled flat paring gains on profit booking after prices rose helped by concerns over supply shortages while an improving technical picture provided encouragement for buyers.

* Chinese zinc production in September was down 10.1 percent year-on-year at 456,000 tonnes amid a crackdown on polluting industry.

* The premium for cash zinc over the three-month LME contract, at $53, remains close to Monday's $63 one-year high, signalling tight nearby supply.

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