EPIC RESEARCH MCX Zinc UPDATE OF 28 January 2019

Zinc trading range for the day is 183.2-195.4.

Zinc prices gained on worries that weak refined output in China could send the global market into deficit.

China 2018 zinc output down 3.2 percent y/y at 5.68 million tonnes - stats bureau.

China’s imports of refined zinc stood at 93,800 mt in December, down 17.4% month on month and 7.02% year on year.

Warehouse stock for Zinc at LME was at 116400mt that is down by -1075mt.

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