EPIC RESEARCH MCX Zinc UPDATE OF 26 December 2018

Posted by Commodity Updates by Epic Research on 11:46:00 with No comments

Zinc trading range for the day is 174.6-179.8.

* Zinc dropped as investors fretted that political instability in US was leaving the country rudderless at a time when the global economy was showing signs of faltering.

* China took further steps in opening up its market by rolling out a shorter negative list for market access.

* China will not resort to "flood-like" stimulus in monetary policy next year, although it will consider more cuts as needed to reserves held at commercial banks.


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