Friday, 22 February 2019

EPIC RESEARCH MCX Zinc UPDATE OF 22 February 2019



Zinc trading range for the day is 189.1-195.1.

* Zinc prices slipped as the dollar firmed and investors cashed in gains from a rally in the previous session fuelled by falling inventories.

* U.S. President Donald Trump said talks with China in Washington were going well and suggested he was open to extending the deadline to complete negotiations.

* The premium for cash zinc over the three-month LME contract rose to $26.50 as stocks in LME warehouses fell to their lowest since 2017 at 83,250 tonnes.

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