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Wednesday, 19 December 2018

EPIC RESEARCH MCX Zinc UPDATE OF 19 December 2018


Zinc trading range for the day is 175.4-186.6.

Zinc dropped amid heightened concerns about a slowing global economy.

China should lower next year's growth target to 6.0-6.5 percent as headwinds, including a trade dispute with the United States, increases risks for the economy.

The United States has welcomed Chinese concessions since the two declared a trade war truce in early December.

Warehouse stock for Zinc at LME was at 127850mt that is up by 5450mt.



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