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Thursday, 6 December 2018

EPIC RESEARCH MCX Zinc UPDATE OF 6 December 2018


Zinc trading range for the day is 183.1-191.9.

Zinc prices rose as falling stockpiles and rising premiums for nearby metal highlighted a short-term supply squeeze

Earlier prices seen pressure as doubts over whether China and US will be able to resolve their trade row within a 90-day timeframe came into focus.

China's services sector grew at its quickest pace in five months in November thanks to an uptick in new orders, a private survey showed.

Warehouse stock for Zinc at LME was at 110700mt that is down by -1050mt.

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