EPIC RESEARCH MCX Zinc UPDATE OF 31 January 2019

Posted by Commodity Updates by Epic Research on 11:54:00 with No comments


Zinc trading range for the day is 188.8-194.4.

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

* Global mine production is expected to climb by 6.4 percent this year, up from only about 2 percent in 2018.

* The forecasted global zinc deficit for 2019 to 50,000 tonnes from 31,000 tonnes.

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