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Tuesday, 28 August 2018

EPIC RESEARCH MCX ZINC UPDATE OF 28 AUGUST 2018


Zinc trading range for the day is 176.1-179.7. Zinc prices gained as inventories in China languish at their lowest in a decade. Zinc stocks in warehouses monitored by the Shanghai Futures Exchange fell 11.8 percent last week to 30,800 tonnes, their lowest since October 2007. Worries about a tight LME zinc market have receded as a large holding of 50 to 79 percent of stocks has been cut.

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