EPIC RESEARCH MCX Zinc UPDATE OF 29 January 2019

Zinc trading range for the day is 188.6-194.6.

* Zinc dropped on profit booking after prices gained on worries that weak refined output in China could send the global market into deficit.

* On-warrant LME zinc inventories, those not earmarked for delivery, have tumbled by half so far this year to the lowest levels since October 2007.

* Stocks on the Shanghai Futures Exchange climbed 17.2 percent to 34,510 tonnes over the past week.


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