EPIC RESEARCH MCX ZINC UPDATE OF 27 AUGUST 2018

Zinc trading range for the day is 172.5-181.7. Zinc prices gained supported by given current 10-year lows of warehouse warrants at SHFE warehouses. The global zinc market saw a surplus of 3,000 tonnes in June from a deficit of 26,000 tonnes in May, data from ILZSG showed. Deliverable zinc inventories in warehouses monitored by the Shanghai Futures Exchange (ShFE) fell 29.1 percent from the previous week, according to exchange data. Warehouse stock for Zinc at LME was at 247400mt that is down by -1175mt.

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