EPIC RESEARCH MCX Zinc UPDATE OF 9 January 2019

Posted by Commodity Updates by Epic Research on 11:15:00 with No comments

Zinc trading range for the day is 173.2-179.

Zinc prices dropped amid concerns over economic growth in top consumer China.

Output of refined zinc in China totalled 448,400 mt in Dec, down 1.74% month on month and 7.29% year on year.

China said it had the “good faith” to work with the United States to resolve trade frictions.

Warehouse stock for Zinc at LME was at 127600mt that is down by -325mt.


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