EPIC RESEARCH MCX ZINC UPDATE OF 23 APRIL 2018

Zinc trading range for the day is 209.8-218.4. Zinc prices gained as inventories are likely to further decline as smelters delay their deliveries to take advantage of the value-added tax. Social inventories of zinc in Shanghai, Guangdong and Tianjin continued to decline and stood at 176,900 mt as of now. Recent economic data from both China and the US remained robust, which suggest that the health of the global economy is truly well and expanding.

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