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Wednesday 23 January 2019

EPIC RESEARCH MCX Zinc UPDATE OF 23 January 2019


Zinc trading range for the day is 181.3-190.1.

Zinc gained as investors brushed off weaker economic growth in China to focus on signs of falling production.

Data showed China's overall economy further cooled in the fourth quarter, dragging 2018 growth to the lowest in nearly three decades.

The global zinc market deficit widened to 96,600 tonnes last November from a revised deficit of 52,000 tonnes in October, ILZSG said.

Warehouse stock for Zinc at LME was at 118825mt that is down by -1100mt.

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