EPIC RESEARCH MCX Zinc UPDATE OF 15 November 2018

Posted by Commodity Updates by Epic Research on 12:15:00 with No comments


Zinc trading range for the day is 180-187.2.

* Zinc gained on short covering after prices dropped as weak retail sales data from China took the shine off upbeat industrial output.

* The premium for cash zinc over the 3-month contract was at $56.50 a tonne, close to a one-year high of $66.50 touched.

* Facing the weakest growth since the global financial crisis, Chinese policymakers are fast-tracking road and rail projects, pushing banks to increase lending.


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