EPIC RESEARCH MCX ZINC UPDATE OF 16 JULY 2018

Zinc trading range for the day is 172.9-180.7. Zinc prices recovered on short covering amid shrinking social inventories across Shanghai, Tianjin and Guangdong. Zinc social inventory in Shanghai, Guangdong and Tianjin fell further over the week on limited arrivals and growing shipments leaving warehouses. Smelters held back from selling but downstream consumers stockpiled at low prices.

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