EPIC RESEARCH MCX Zinc UPDATE OF 10 January 2019

Posted by Commodity Updates by Epic Research on 11:13:00 with No comments

Zinc trading range for the day is 173.5-180.1.

* Zinc gained on growing optimism that US and China were inching toward a trade deal that could lift a major threat to the global economy.

* Chinese auto sales were "hammered by the poor consumption sentiment when the Sino-U.S. trade war was escalating" in the second half of 2018.

* China's foreign ministry said that the latest round of trade talks with the United States had concluded, with the results to be released soon.

* Warehouse stock for Zinc at LME was at 127275mt that is down by -325mt.


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