EPIC RESEARCH MCX Zinc UPDATE OF 1 January 2019

Posted by Commodity Updates by Epic Research on 11:54:00 with No comments

Zinc trading range for the day is 169.7-175.5.

Zinc dropped on concerns that weaker growth will require less metal overpowered the effects of supply shortfalls and dwindling stockpiles.

China's manufacturing sector is expected to have contracted for the first time in more than two years in December.

Data showed earnings at Chinese industrial firms in November dropped for the first time in nearly three years.

Warehouse stock for Zinc at LME was at 129325mt that is down by -875mt.


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