EPIC RESEARCH MCX ZINC UPDATE OF 1 AUGUST 2018

Zinc trading range for the day is 175.5-185.5. Zinc gained following reports that the US and China are restarting talks to avoid a trade war. China's official PMI fell to 51.2 in July, from 51.5 in June, but remained above the 50-point mark that separates growth from contraction for the 24th straight month. Social inventories of zinc in Shanghai, Guangdong, and Tianjin grew over the weekend as the low season continued to accumulate stocks in Tianjin and Guangdong.

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