EPIC RESEARCH MCX ZINC UPDATE OF 3 MAY 2018

Zinc trading range for the day is 201.1-209.9. Zinc dropped tracking weakness in LME prices closed down 0.2 percent at $3,047 a tonne after prices seen supported after a report showed a resilient economy. China was buoyed by statements from a politburo meeting which suggested that country’s central government will adjust its policies to boost domestic demand. China’s zinc inventories in warehouses across Shanghai, Tianjin and Guangdong shrank 800 mt to 154,500 mt as of Wednesday May 2.

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