EPIC RESEARCH MCX Zinc UPDATE OF 12 February 2019

Posted by Commodity Updates by Epic Research on 11:36:00 with No comments


Zinc trading range for the day is 186.4-192.4.

Zinc dropped as investors were unable to shake off worries about global growth, U.S. politics and the Sino-U.S. trade war.

Cash zinc has moved from a premium to a discount against the three-month LME contract for the first time since September, suggesting shortages.

Trump has said he may declare a national emergency to build a wall along the U.S.-Mexico border if he cannot reach a deal with Democrats.

Warehouse stock for Zinc at LME was at 108425mt that is down by -1500mt.


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