EPIC RESEARCH MCX Zinc UPDATE OF 20 December 2018

Posted by Commodity Updates by Epic Research on 12:29:00 with No comments


Zinc trading range for the day is 177.3-184.5.

* Zinc ended with gains on short covering as the dollar weakened on expectations that the U.S. Federal Reserve will cut the number of hikes it anticipates next year.

* The global zinc market deficit narrowed to 43,400 tonnes in October from a revised deficit of 46,900 tonnes in September, ILZSG said.

* The premium for cash LME zinc over the three-month price bounced back to $50.50 a tonne on Monday after hitting a two-month low of $26 a tonne.


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