Collapsing demand for zinc caused by the novel coronavirus will swamp supply cuts from major producers Peru and India this year and leave the market with a massive surplus that will weigh on prices of the material used to galvanise steel.
MCX Zinc Tips
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- Rs. 5000 is the lot size of zinc in MCX?
- Rs. 5000 is the lot size of zinc in MCX?
- What is the lot size of zinc in MCX?
- Why is zinc dropping in price?
- What is the future of zinc?
- Which is the best commodity to trade in MCX?
MCX Zinc Day Trading – Below 194 Under Selling Zone Target 188—187
MCX Zinc settled down 0.42% at 191.5 as pressure seen after China’s industrial output grew significantly slower than expected in October despite of decline in LME zinc inventories. China’s central bank lowered the interest rate on reverse repurchase agreements by five basis points, the first reduction in the short-term liquidity tool in more than four years.