EPIC RESEARCH MCX Zinc UPDATE OF 22 January 2019

Zinc trading range for the day is 181.7-187.7.

Zinc pared gains on profit booking after prices seen supported by increase in zinc ingot stocks in China and abroad is less than expected.

U.S. President Donald Trump said there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs on Chinese imports.

The US industrial production finished the year on a strong note, rising 0.3% in December after a revised 0.4% gain in November.

Warehouse stock for Zinc at LME was at 119925mt that is down by -1725mt.


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