EPIC RESEARCH MCX Zinc UPDATE OF 2 January 2019

Posted by Commodity Updates by Epic Research on 11:19:00 with No comments

Zinc trading range for the day is 171.3-172.9.

* 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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