EPIC RESEARCH MCX ZINC UPDATE OF 21 JUNE 2018

Zinc trading range for the day is 203.6-208.8. Zinc gained on short covering after prices dropped after Trump threatened to hit $200 billion of Chinese imports with 10 percent tariffs if Beijing retaliated. Social inventory of zinc across Shanghai, Guangdong and Tianjin extended its increase due to inflow of imported zinc into Shanghai and more deliveries from smelters to Tianjin. The eurozone’s current account balance fell to 28.4 billion euros in April after seasonal adjustment, from 32.8 billion euros in March.

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