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Monday, 24 December 2018

EPIC RESEARCH MCX Zinc UPDATE OF 24 December 2018


Zinc trading range for the day is 174.3-182.9.

* Zinc dropped as pressure seen after zinc stocks in Shanghai bonded warehouse sees larger increase.

* Domestic supply bottlenecks and a closed import arbitrage window are expected to keep inventories of refined zinc in China at lows.

* Environmental issues continued to frustrate domestic smelters and deterred them from stepping up productions.


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