EPIC RESEARCH MCX Zinc UPDATE OF 15 March 2019

Zinc trading range for the day is 195.4-202.6.

* Zinc prices dropped after comments from U.S. President Donald Trump chilled optimism over an imminent China trade deal.

* The premium of cash zinc over the three-month LME contract stood at $52 a tonne, the highest since Jan. 7, underscoring tight near-term supply for physical metal.

* China's decision to increase its budget deficit ratio to 2.8 percent this year from 2.6 percent in 2018 is appropriate for the economy.


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