EPIC RESEARCH MCX Zinc UPDATE OF 01 October 2018
Posted by Commodity Updates by Epic Research on 11:42:00 with No comments
Zinc trading range for the day is 180.8-200.
* Zinc prices rose after stocks in Shanghai slid to the lowest in more than a decade and some speculators cancelled bearish positions.
* Social inventories of refined zinc across Shanghai, Tianjin and Guangdong came in at 121,300 mt up 2,000 mt.
* Smelters' improved producing enthusiasm, weak downstream demand, and inflow of imports will grow inventories of the metal.
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