MCX Zinc Tips Today: Zinc yesterday settled down by 0.11% at 234.65 but prices recovered from lows as speedy vaccination rollouts and trillions in dollars of economic stimulus lifted hopes of a robust global economic recovery and higher demand for metals.
MCX Zinc Tips
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MCX Zinc Tips: Enjoy or Not 217.50 To 230 [Premium Member Mint Money]
MCX Zinc Tips: Zinc yesterday settled up by 1.25% at 226.45 amid falling US dollar and US Treasury yields, and the International Monetary Fund raised its 2021 growth outlook for the global economy to 6%.
BUY ZINC MCX TIPS TODAY CMP 220.50—219.50 TARGET 222 — 224 SL PAID
BUY ZINC MCX TIPS TODAY CMP 220.50—219.50 TARGET 222 — 224 SL PAID. MCX zinc yesterday settled down by 2.63% at 216.35 amid profit booking as dollar seen supported due to continued concerns over the timing of more U.S. economic stimulus.
Zinc MCX Tips Today Hit Full Target High 198.90 – Neal Bhai Reports
Zinc MCX Tips Today Hit Full Target High 198.90, MCX Zinc yesterday settled up by 0.88% at 193.60 on Chinese demand and hopes Sino-U.S. trade tensions were easing.
Zinc Supply Cuts Outstripped By Demand Destruction from Coronavirus
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 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.
BASE METAL TIPS – MCX Zinc Tips – Above 182 Buy 10—20—50 Lots for Target 192—195
The global zinc market swung into a 10,900 tonne surplus in June from an upwardly revised deficit at 38,200 tonnes May, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first half of the year, the global deficit rose to 134,000 tonnes from 103,000 tonnes in the same period last year.
MCX Zinc Base Metal Commodity Trading Tips CMP- 182 Dt 26 Aug 2019
Markit also reported that Germany’s factory sector remained in contraction, raising concerns over the global economy. The German IHS Markit PMI for manufacturing rose marginally to 43.6 in August, from 43.2 in July. Meanwhile, services PMI hit a seven-month low level of 54.4 as against the previous month?s reading of 54.5 and 54 anticipated.
MCX Zinc Ready For Big Upside Target 198—202—212—216, Need Patience
MCX Zinc Ready For Big Upside Target 198—202—212—216, Need Patience
MCX Zinc Price Below 186 Target 176—163 – Neal Bhai Reports
Gold Silver Reports (GSR) – MCX Zinc settled down 3.06% at 181.95 as pressure continues on an expected surge in refined zinc output after a clutch of new mine openings has been derailed by bottlenecks at smelters across Asia, putting the brakes on an eye-watering price fall.