EPIC RESEARCH MCX Zinc UPDATE OF 28 March 2019

Zinc trading range for the day is 198.8-206.

Zinc prices gained as support seen on shrinking inventories across LME warehouses.

Current zinc ingot inventories are "extremely low" and the next two-three months will see "intense destocking" as consumption in China recovers.

Market open interest in Shanghai zinc jumped to 632,310 lots, the highest since July 2017, pointing to greater bullishness.

Warehouse stock for Zinc at LME was at 55225mt that is down by -1200mt.

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