EPIC RESEARCH MCX Zinc UPDATE OF 11 December 2018

Posted by Commodity Updates by Epic Research on 11:58:00 with No comments

Zinc trading range for the day is 183.9-194.1.

Zinc gained amid fresh buying as support seen after weakness in Rupee, earlier in the day prices seen pressure amid Sino-U.S. trade tensions.

China's consumer price index (CPI), a main gauge of inflation, rose 2.2% year on year in November, down from 2.5% in October, the NBS said.

The eurozone grew at its slowest pace in four years in the third quarter of 2018, while employment growth also eased during the period.

Warehouse stock for Zinc at LME was at 113875mt that is up by 750mt.


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