EPIC RESEARCH MCX Zinc UPDATE OF 6 December 2018
Posted by Commodity Updates by Epic Research on 11:53:00 with No comments
Zinc trading range for the day is 183.1-191.9.
Zinc prices rose as falling stockpiles and rising premiums for nearby metal highlighted a short-term supply squeeze
Earlier prices seen pressure as doubts over whether China and US will be able to resolve their trade row within a 90-day timeframe came into focus.
China's services sector grew at its quickest pace in five months in November thanks to an uptick in new orders, a private survey showed.
Warehouse stock for Zinc at LME was at 110700mt that is down by -1050mt.
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