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Thursday 11 October 2018

EPIC RESEARCH MCX Zinc UPDATE OF 11 October 2018



Zinc trading range for the day is 190.6-206.

* Zinc eased on profit booking after prices as output cuts in China buoyed the market.

* Zinc inventories in LME-registered warehouses fell below 200,000 tonnes from more than 250,000 tonnes in August and are nearing 10-year lows.

* Stockpiles in Shanghai Futures Exchange storehouses at 29,204 tonnes are the smallest since 2007.


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