EPIC RESEARCH MCX Zinc UPDATE OF 18 December 2018

Zinc trading range for the day is 181.4-187.2.

Zinc prices gained amid decreasing inventories in China and LME while downbeat economic data dented risk appetite.

China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019.

Investors are now focusing on a speech by Chinese President Xi Jinping to mark the 40th anniversary of China’s reform, after which a two-day FOMC meeting begins.

Warehouse stock for Zinc at LME was at 122400mt that is up by 3400mt.
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