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Friday, 8 February 2019

EPIC RESEARCH MCX Zinc UPDATE OF 8 February 2019



Zinc trading range for the day is 192.2-197.8.

* Zinc steadied as prices bucked the weaker trend as an environmental crackdown in China created shortages of refined metal.

* China's zinc output came in at 4.53 million tonnes in 2018, according to a survey of smelters by Antaike.

* Concern about nearby zinc supplies has been fuelled by one company holding between 50 percent and 79 percent of LME zinc warrants and cash contracts.

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