MTECHTIPS:-MCX Zinc Futures Hit Two Month

MTECHTIPS:-MCX Zinc Futures Hit Two Month

MTECHTIPS-MCX Zinc jumped to around two month highs as upbeat global prices, which hit four year highs in world markets and continued buying support boosted sentiments. MCX Zinc has been in an excellent touch after breaking above Rs 210 per kg levels in end December 2017. The counter currently trades at Rs 212.25 per kg, up 0.21% on the day. Sentiments for base metals remained supported as China Caixin manufacturing PMI came at 51.5 in December- hitting its four-month high. World Bureau of Metal Estimates showed that zinc market was in deficit by 504 kt during January to October 2017 which compares with a deficit of 202 kt recorded in the whole of the previous year. Reported stocks rose by 7.8 kt during October. LME stocks rose by 0.8 kt in October and ended the month 174 kt lower than at the end of 2016. LME stocks represent just under 35% of the global total. Chinese demand increased by 0.8% compared with the previous year

MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

WWW.MTECHTIPS.COM

07489294118-119