EPIC RESEARCH MCX Zinc UPDATE OF 12 April 2019

Posted by Commodity Updates by Epic Research on 12:57:00 with No comments

Zinc trading range for the day is 216.7-237.7.

Zinc settled flat on concerns that Chinese smelters will ramp up output, but prices were supported by a shortage of immediately available material on the LME.

Global mine supply of zinc is expected to rise 6.4 percent this year to 13.87 million tonnes, according to the ILZSG.

But higher mine production has been slow to feed through to the refined market, with the ILZSG showing a 384,000 tonne deficit in 2018 and another shortfall in January.

Warehouse stock for Zinc at LME was at 52350mt that is down by -200mt.


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