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Wednesday 13 March 2019

EPIC RESEARCH MCX Zinc UPDATE OF 13 March 2019


Zinc trading range for the day is 191.1-204.3.

* Zinc gained after the European Commission agreed to changes in a Brexit deal before a vote in the British parliament on a divorce agreement.

* Domestic inventories of refined zinc ceased their climb, which grew confidence in longs.

* Data from the ILZSG showed a zinc market deficit of 384,000 tonnes last year and shortfalls of 442,000 tonnes and 128,000 tonnes respectively in 2017 and 2016.


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