EPIC RESEARCH MCX ZINC UPDATE OF 20 AUGUST 2018

Zinc trading range for the day is 162.1-171.3. Zinc prices ended with gains as data showed that zinc inventories across three major Chinese markets shrank some 16,200 mt over the week. Social inventories of zinc across Shanghai, Tianjin and Guangdong dropped substantially in the week with downstream purchases and limited arrivals from smelters. Inventory drops in Shanghai and Guangdong contributed to the overall decline, smelters held back from selling while downstream made purchases for restocking. Warehouse stock for Zinc at LME was at 251425mt that is down by -825mt.

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