EPIC RESEARCH MCX Zinc UPDATE OF 19 October 2018
Posted by Commodity Updates by Epic Research on 12:23:00 with No comments
Zinc trading range for the day is 196.6-203.2.
# Zinc gained as prices received some support from shrinking LME inventories.
# Chinese exporters are mostly confident they can weather a trade war with US, but worry about collateral damage it might cause throughout the global economy.
# Production cutbacks at China's zinc smelters in response to tighter environmental checks and weaker profits have tightened supply.
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