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Friday 13 July 2018

EPIC RESEARCH MCX ZINC UPDATE OF 13 JULY 2018

Zinc trading range for the day is 172.3-182.7. Zinc recovered some of its losses on short covering after prices dropped on a gaining US dollar and fears of a trade war. The Trump administration started the process of imposing tariffs on a further $200 billion of imports from China. South Korea declined to purchase 1,000 tonnes of zinc as it received a single bid, state-run Public Procurement Service said.

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