EPIC RESEARCH MCX Zinc UPDATE OF 27 December 2018

Zinc trading range for the day is 174-181.8.

* Zinc prices recovered amid rebounds in stocks and oil prices improve risk sentiment among investors.

* China’s imports of refined zinc jumped 40.9% from October to stand at 113,500 mt in November, standing 7.6% lower than the corresponding month of 2017.

* Output growth across mines overseas well supplied the markets abroad, which drove some resources to enter China.

* Warehouse stock for Zinc at LME was at 132825mt that is up by 2450mt.

* BUY ZINC DEC 2018 @ 178.00 SL 176.50 TGT 179.80-182.00.MCX


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