EPIC RESEARCH MCX ZINC UPDATE OF 31 JANUARY 2018

Zinc trading range for the day is 224.5-229.5. Zinc dropped due to a strengthening dollar, as investors waited for positive signals about infrastructure building in U.S. President State of Union address.China’s zinc import in January is likely to drop from levels seen in December with lower SHFE/LME price ratio and increased loss for imports. The global market for refined zinc metal was in deficit by 401 kilo tonne over the first ten months of 2017 with total reported inventories declining by 282 kilo tonne.



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