EPIC RESEARCH MCX Zinc UPDATE OF 23 October 2018

Zinc trading range for the day is 196.4-202.4.

Zinc prices gained due to expectations of stronger demand after authorities in China said they would take measures aimed at bolstering growth and liquidity.

Stocks across Shanghai, Tianjin and Guangdong rose by some 1,300 mt from last Friday to 157,900 mt as of now.

Chinese gross domestic product (GDP) grew 6.5% year on year in the third quarter of 2018. Warehouse stock for Zinc at LME was at 167450mt that is down by -3800mt.


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