Friday, 5 July 2019

Zinc trading range for the day is 192.3-198.9

* Zinc trading range for the day is 192.3-198.9.

* ZInc dropped as rising Chinese production and a collapse in the premium for cash metal on the LME pointed to a better supplied market.

* Higher output by Chinese smelters is expected to end a deficit that accoramounted to 97,000 tonnes during the first four months of this year.

* Meanwhile, top U.S. and Chinese representatives are arranging to talk again next week, U.S. administration officials said.

* Warehouse stock for Zinc at LME was at 90350mt that is down by -1275mt.

MCX HNI CALL: SELL ZINC BELOW 195.40 TARGETS 194.60 / 193.60 / 192.30 STOPLOSS 197.10

MCX Commodity Live Tips

0 comments:

Post a Comment