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Thursday, 14 March 2019

EPIC RESEARCH MCX Zinc UPDATE OF 14 March 2019


Zinc trading range for the day is 196.5-202.3.

Zinc prices ended with gains as investors worried about ultra-tight stocks.

Zinc stocks in London Metal Exchange-registered warehouses currently stand at 59,200 tonnes, their lowest since October 2007.

Prices for the metal used to galvanise steel "have moved higher on the potential for supply disruptions and very low inventory levels.

Warehouse stock for Zinc at LME was at 58950mt that is down by -250mt.


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