EPIC RESEARCH MCX Zinc UPDATE OF 26 October 2018

Zinc trading range for the day is 194.3-200.5.

* Zinc dropped on concerns of a slowdown in China, which pledged to support illiquid private companies after third-quarter GDP growth slowed to 6.5 percent.

* On-warrant zinc stocks in LME-registered warehouses, have fallen below 100,000 tonnes from almost 240,000 tonnes in August and are close to 10-year lows.

* The premium for cash zinc over the three-month LME contract, at $47, remains close to Monday’s $63 one-year high, signalling tight nearby supply.


Subscribe now for best COMMODITY TIPS
For quick free trial click here < +917316642316

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+