Thursday 9 August 2018

EPIC RESEARCH MCX Zinc UPDATE OF 9 August 2018

Zinc trading range for the day is 179.3-182.9.

Zinc gained as prices seen supported as market sentiment improved on faster-than-expected growth in China’s imports and exports.

The U.S. Trade Representative’s office said the U.S. would begin collecting 25 percent tariffs on another $16 billion in Chinese goods later this month.

China's foreign exchange reserves increased in July, figures from People's Bank of China showed.

Warehouse stock for Zinc at LME was at 231900mt that is down by -725mt.

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