Zinc trading range for the day is 222.1-234.1

Zinc trading range for the day is 222.1-234.1.

Zinc prices gained as support seen after upbeat social financing data in China and a robust LME zinc.

China’s exports for the month of March came in much higher than expected, while its imports came in much lower than expected, according to customs data.

Stocks of refined zinc across Shanghai-bonded warehouses rebounded this week, and stood at 90,700 mt as of Friday April 12, up 3,500 mt from Thursday April 4.

Warehouse stock for Zinc at LME was at 52200mt that is down by -150mt.

MCX CALL: BUY ZINC ABOVE 229.00 TARGETS 229.50 / 230.20 / 231.00 STOPLOSS 228.20

MCX Commodity Live Tips