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.
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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 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.
ZINC LME 1st Target Hit 2520 Low 2519, I Told You Sell and Sleep- Neal Bhai Reports
ZINC LME 1st Target Hit 2520 Low 2519, I Told You Sell and Sleep- Neal Bhai Reports
ZINC LME TIPS AND FORECAST : ZINC LME Tips and Forecast – Below 2566 Down Side Target 2520—2460 – Neal Bhai Reports
BASE METALS Main Kohram : MCX Zinc Near My Ultimate Target 174, Lead, Aluminum and Copper Pani Pani | Neal Bhai
BASE METALS Main Kohram : MCX Zinc Near My Ultimate Target 174, Lead, Aluminum and Copper Pani Pani