EPIC RESEARCH MCX Zinc UPDATE OF 5 February 2019

Zinc trading range for the day is 198.5-204.7.

Zinc prices gained as social inventories of zinc accumulated by a slower pace week on week, compared with the same period a year ago.

The official PMI for January ticked up fractionally to 49.5, but remained below the 50-point level that separates growth from contraction on a monthly basis.

Trading was dampened by the week-long Lunar New Year holiday which has closed markets in China.

Warehouse stock for Zinc at LME was at 112500mt that is down by -700mt.


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