EPIC RESEARCH MCX Zinc UPDATE OF 28 August 2018

Posted by Commodity Updates by Epic Research on 12:01:00 with No comments

Zinc trading range for the day is 176.1-179.7.

Zinc prices gained as inventories in China languish at their lowest in a decade.

Zinc stocks in warehouses monitored by the Shanghai Futures Exchange fell 11.8 percent last week to 30,800 tonnes, their lowest since October 2007.

Worries about a tight LME zinc market have receded as a large holding of 50 to 79 percent of stocks has been cut.

Warehouse stock for Zinc at LME was at 247400mt that is down by -1175mt.

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