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Friday 6 July 2018

EPIC RESEARCH MCX ZINC UPDATE OF 6 JULY 2018

Zinc trading range for the day is 182.7-192.5. Zinc prices tumbled as the Yuan rebounded and as imported zinc flowed into the market. PBOC Governor Yi Gang said that China will "keep the yuan exchange rate basically stable at [a] reasonable and balanced level". China's Caixin services purchasing managers' index (PMI) for June came in at 53.9, compared with the expected 52.7 and May’s 52.9.

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