EPIC RESEARCH MCX Zinc UPDATE OF 9 April 2019

Posted by Commodity Updates by Epic Research on 12:42:00 with No comments


Zinc trading range for the day is 225.9-230.3.

* Zinc prices gained as investors cheered a much-needed rebound in U.S. payrolls, while looking forward to more policy stimulus in China.

* Prices remained supported on concerns about short-term shortages.

* The premium of LME cash zinc over the three-month contract was at $59 a tonne, near the peak of $76.75 touched a week ago, which was the strongest since early January

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