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Monday 3 December 2018

EPIC RESEARCH MCX Zinc UPDATE OF 3 December 2018


Zinc trading range for the day is 173.1-184.5.

* Zinc prices gained as support seen as LME zinc stocks were down 24.5 percent to 26,779 tonnes, the lowest since 2007.

* Prices also seen supported as falling stockpiles and rising premiums for nearby metal highlighted a short-term supply squeeze

* The cash zinc premium over three-month metal, at $93, had returned to near 10-year highs after easing earlier in the week.


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