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Tuesday, 26 February 2019

EPIC RESEARCH MCX Zinc UPDATE OF 26 February 2019



Zinc trading range for the day is 191.6-197.2.

* Zinc dropped as rising social inventories across Shanghai, Guangdong and Tianjin and slow consumption recovery kept buyers cautious.

* President Donald Trump said there was "a very good chance" the United States would strike a deal with China to end their trade war.

* Stocks rose 4,100 mt from Friday Feb 22 and 19,200 mt from Monday Feb 18 to stand at 212,400 mt as of Monday Feb 25


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