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Tuesday, 16 October 2018

EPIC RESEARCH MCX Zinc UPDATE OF 16 October 2018


Zinc trading range for the day is 190.3-201.1.

* Zinc prices eased alongside an uptick in the U.S. dollar and as ongoing global trade tensions cloud the outlook for demand.

* An escalating trade row between China and the United States could crimp demand, even though China's September trade data proved more resilient than expected last week.

* ShFE warehouse inventories showed that zinc arrivals jumped by 14,169 tonnes, or 48.5 percent, over the past two weeks to 43,373 tonnes.


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