EPIC RESEARCH MCX Zinc UPDATE OF 4 April 2019

Posted by Commodity Updates by Epic Research on 11:25:00 with No comments


Zinc trading range for the day is 218.8-230.4.

* Zinc prices gained 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 while LME nickel inventories touched a new low since June 2013.

* China's official manufacturing PMI registered a score of above 50 in March, showing an expansion of output after three months of sectoral contraction

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