EPIC RESEARCH MCX Zinc UPDATE OF 21 February 2019

Posted by Commodity Updates by Epic Research on 10:57:00 with No comments

Zinc trading range for the day is 190.1-196.1.

Zinc prices rose on expectations of a trade deal between Washington and Beijing.

Tariffs on $200 billion worth of Chinese imports are scheduled to rise to 25 percent from 10 percent by March 1 if the economies do not settle their trade dispute.

Macro sentiment toward China is turning more positive since the country has begun to inject near-record amounts of liquidity into its economy.

Warehouse stock for Zinc at LME was at 85925mt that is down by -1950mt.


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