EPIC RESEARCH MCX Menthaoil UPDATE OF 18 April 2019

Menthaoil trading range for the day is 1478.1-1512.9.* Mentha oil spot at Sambhal closed at 1599.10 per 1kg. Spot prices was down by Rs.-4.10/-.* Menthaoil settled up amid improved demand from consuming industries at the domestic spot market.* Further, lower arrivals from major producing belts of Chandausi in Uttar Pradesh also supporting prices.* However, upside seen limited amid expectations of higher acreage under mint in 2019 due to lucrative...

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EPIC RESEARCH MCX Aluminium UPDATE OF 18 April 2019

Aluminium trading range for the day is 147.6-149.2.* Aluminium prices gained amid signs of a slower decline in alumina prices and expectations on higher consumption.* China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy.* China's central bank said that it would strengthen coordination between monetary, fiscal and other policies to keep growth stable and forestall...

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EPIC RESEARCH MCX Nickel UPDATE OF 18 April 2019

Nickel trading range for the day is 878.7-917.5.* Nickel prices remained supported after recent signs the global economy is likely to avoid a sharper downturn.* China’s fiscal spending increased 15 percent during January-March from year ago levels to support economic growth.* Vale Indonesia Q1 2019 nickel matte output down 24 pct, revises target Subscribe now for best Stock Report US Stock Market News For quick free trial click here > +917316642316...

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EPIC RESEARCH MCX Zinc UPDATE OF 18 April 2019

Zinc trading range for the day is 224-228.6.* Zinc gained as support seen after a raft of Chinese data signalled Beijing’s recent stimulus drive might be paying off.* On-warrant zinc stocks in warehouses tracked by ShFE also marked a 7-percent daily increase to 51,976 tonnes.* As the monthly delivery of cargoes under LME contracts approaches, the backwardation structure on LME zinc rapidly widened, resulting in higher social inventories. Subscribe...

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EPIC RESEARCH MCX Copper UPDATE OF 18 April 2019

Copper trading range for the day is 449.6-461.8.* Copper prices rose after data from China showed higher unwrought copper imports in March, while declining inventory and concerns over supply deficit also lent support.* China imported 391,000 tonnes of unwrought copper last month, up 25.7 percent from the previous month and 26.5 percent higher than a year earlier.* Copper stocks in LME-approved warehouses were down 2,000 tonnes on April 11 compared...

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EPIC RESEARCH MCX Naturalgas UPDATE OF 18 April 2019

Naturalgas trading range for the day is 172.3-181.3.* Natural gas dropped on forecasts for the weather to warm and heating demand to decline over the next two weeks, allowing utilities to shrink the massive storage deficit.* The market has become much less volatile over the past couple of months, as was the case this time last year when the weather moderated for spring.* Projected demand in the Lower 48 U.S. states would slide to an average of 77.5...

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