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Monday 15 October 2018

EPIC RESEARCH MCX Zinc UPDATE OF 15 October 2018


Zinc trading range for the day is 193.8-201.6.

* Zinc prices remained supported on shrinking inventories and smelter cuts in China despite of trade and inflation worries.

* Demand for refined zinc will exceed supply by 322,000 tonnes this year, but the gap will narrow to 72,000 tonnes in 2019, industry data showed.

* Resumption from maintenance raised output of refined zinc across Chinese smelters to 446,700 mt in September, up 6.7% from August.



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