EPIC RESEARCH MCX Zinc UPDATE OF 18 January 2019

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

Zinc trading range for the day is 176.2-184.8.

* Zinc prices remained supported amid China's policymakers are pledging to step up stimulus measures this year.

* PBOC is injecting 250 billion yuan ($37 billion) through seven-day reverse bond repurchase agreements and 150 billion yuan through 28-day reverse repos.

* China’s economic growth is expected to slow to 6.3 percent this year, which would be the weakest in 29 years, from an expected 6.6 percent in 2018.

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