EPIC RESEARCH MCX Zinc UPDATE OF 8 January 2019

Posted by Commodity Updates by Epic Research on 11:21:00 with No comments


Zinc trading range for the day is 169.9-179.5.

Zinc edged higher after China took measures to boost lending following a contraction in its industrial growth and as focus shifted to trade talks between China and US.

China's central bank said it was cutting the amount of cash that banks have to hold as reserves for the fifth time in a year.

Social inventories of refined zinc across Shanghai, Guangdong and Tianjin stood at 104,000 mt up 6,500 mt from Friday.

Warehouse stock for Zinc at LME was at 127925mt that is down by -525mt.

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