EPIC RESEARCH MCX Zinc UPDATE OF 1 April 2019
Posted by Commodity Updates by Epic Research on 11:31:00 with No comments
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Zinc trading range for the day is 215.1-224.9.
Zinc prices rallied lifted by optimism about a U.S.-China trade deal and potential shortages due to low stocks and mine disruptions.
Stockpiles of zinc in LME-registered warehouses hit their lowest since at least 1998.
The premium of LME cash zinc over the three-month contract climbed to $70 per tonne, the highest since early January, from $3.50 three weeks ago.
Warehouse stock for Zinc at LME was at 52325mt that is down by -1250mt.
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