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Wednesday, 14 March 2018

EPIC RESEARCH MCX ZINC UPDATE OF 14 MARCH 2018


Zinc trading range for the day is 210.6-215.8. Zinc prices gained after LME zinc rose 1.4 percent to $3,286 due to low level buying amid firmness in other base metals counters. Brazilian miner Nexa Resources SA said that it has reached a deal to end a workers' strike at its Cajamarquilla zinc smelter in Peru. The spread of cash zinc to the three-month contract moved to a $3.50 discount for cash from a premium of nearly $50 in late February.

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