EPIC RESEARCH MCX ZINC UPDATE OF 17 JULY 2018

Zinc trading range for the day is 166.2-180. Zinc prices dropped amid expectation that inventories to edge up in the week in anticipation of inflows of imported materials. Zinc social inventory in Shanghai, Guangdong and Tianjin fell 1,400 mt over the weekend to 97,900 mt as of Monday July 16 amid limited arrivals. Some 2,100 mt of drop in stocks in Shanghai contributed to the overall decline. Inventories grew 300 mt each in Guangdong and Tianjin from last Friday.

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