EPIC RESEARCH MCX Zinc UPDATE OF 19 March 2019

Zinc trading range for the day is 190.9-195.7.

Zinc prices dropped as bullish sentiment eased and as investors expected a lower VAT rate to reduce costs in back month contracts.

U.S. manufacturing output fell for a second straight month in February and factory activity in New York state was weaker than expected.

Stocks declined 1,800 mt from Mar 15 but rose 6,500 mt from Mar 11 to stand at 228,600 mt as of now.

Warehouse stock for Zinc at LME was at 58425mt that is down by -225mt.


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