EPIC RESEARCH MCX Zinc UPDATE OF 16 January 2019

Zinc trading range for the day is 174.2-178.4.

* Zinc dropped on profit booking after sentiment picked up after President Trump predicted Washington would reach a deal with China to end a tit-for-tat trade war

* Data showed China’s exports unexpectedly fell the most in two years in December, while imports also contracted sharply, pointing to further weakness.

* Despite a Beijing-Washington trade dispute last year, China's trade surplus with the US rose 17% on the year to $323.32 billion in 2018.

* Warehouse stock for Zinc at LME was at 125575mt that is down by -650mt


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