EPIC RESEARCH MCX ZINC UPDATE OF 27 JUNE 2018

Zinc trading range for the day is 193.6-200.2. Zinc prices gained on short covering after prices dropped on inventory growth and anticipation of production increase at mines. Reflecting tight supply of zinc in spot markets, the cash price is trading at nearly $60 above the benchmark price, the highest since last October. Zinc social inventory in Shanghai, Guangdong and Tianjin fell sharply over the weekend with Shanghai recording a substantial decline.

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