EPIC RESEARCH MCX Zinc UPDATE OF 26 November 2018
Posted by Commodity Updates by Epic Research on 11:11:00 with No comments
Zinc trading range for the day is 177.5-188.1.
* Zinc prices dropped as pressure continues on an expected surge in refined zinc output.
* China's forced environmental cutbacks on zinc slag, or waste from the zinc smelting process, prompted many smelters to cut production.
* Zinc ingot stocks across Shanghai bonded areas expanded 3,000 mt from a week ago to 40,000 mt as of Friday November 23, data showed.
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