EPIC RESEARCH MCX Zinc UPDATE OF 11 April 2019

Zinc trading range for the day is 222.6-226.2.

Zinc gained on short covering after prices dropped on concerns that Chinese smelters will increase output and create a surplus.

Headline stocks of zinc in LME-registered warehouses at 52,550 tonnes are hovering around record lows.

However, stockpiles in warehouses monitored by the ShFE at 108,772 tonnes are up from around 20,000 tonnes at the start of the year.

Warehouse stock for Zinc at LME was at 52550mt that is down by -200mt.

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