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Thursday, 30 August 2018

EPIC RESEARCH MCX Zinc UPDATE OF 30 AUGUST 2018


Zinc trading range for the day is 174.8-180.

* Zinc gained as investors added their longs amid shrinking LME zinc inventories will bolster prices.

* Available products in Guangdong were also tight, with limited arrivals from smelters.

* In anticipation of higher zinc prices, smelters did not hurry to destock, given current low inventories of zinc ingots.


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