Monday, 2 July 2018

EPIC RESEARCH MCX ZINC UPDATE OF 2 JULY 2018

16:58:00

Zinc trading range for the day is 195.3-202.9. Zinc dropped as pressure again seen after China's largest zinc smelter said it would not participate in the output cuts. In May, China, the world's biggest zinc producer, churned out 457,000 tonnes of the metal, according to the National Bureau of Statistics. Zinc social inventory in Shanghai, Guangdong and Tianjin extended its decline over the week on limited arrivals.

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