EPIC RESEARCH MCX Zinc UPDATE OF 18 March 2019

Posted by Commodity Updates by Epic Research on 11:34:00 with No comments


Zinc trading range for the day is 191.1-201.3.

* Zinc prices dropped on profit booking after prices seen supported on investors worry about ultra-tight stocks.

* China January to February zinc output down 8.2 percent from a year earlier at 851,000 tonnes, the National Bureau of Statistics said

* The low-inventory situation, as well as fears of production outrages, has spurred the backwardation in London Metal Exchange zinc higher.

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