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Thursday, 7 March 2019

EPIC RESEARCH MCX Zinc UPDATE OF 7 March 2019


Zinc trading range for the day is 194.9-199.5.

* Zinc dropped as investors awaited fresh clues on the progress of U.S.-China trade negotiations.

* Shortages for a fourth year running and historically low stocks of zinc are likely to propel prices of the metal to $3,000 a tonne over coming months.

* Eurozone retail sales rebounded in January, adding to recent signs that the currency area's economy may be levelling out after a sharp slowdown in 2018.


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