EPIC RESEARCH MCX Zinc UPDATE OF 7 December 2018

Posted by Commodity Updates by Epic Research on 11:59:00 with No comments


Zinc trading range for the day is 183.6-190.

* Zinc dropped as worries over weak demand caused by Sino-U.S. trade tensions persisted.

* China's factory activity grew slightly in November, though new export orders extended their decline in a further blow to the sector already hurt by the Sino-U.S. trade frictions.

* The premium for cash LME zinc over the three-month price soared to $113 a tonne, the highest since 1997.


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