EPIC RESEARCH MCX Zinc UPDATE OF 29 October 2018
Posted by Commodity Updates by Epic Research on 11:51:00 with No comments
Zinc trading range for the day is 194.1-200.9.
* Zinc prices recovered tracking firmness in LME prices closed up by 0.60 percent as support seen after concerns over supply shortages.
* The global zinc market had a deficit of 292,000 tonnes in the first eight months of the year, the International Lead and Zinc Study Group (ILZSG) said.
* London Metal Exchange zinc spreads are stressed, with the cash-to-three-months premium hitting a one-year high of $63 per tonne.
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