EPIC RESEARCH MCX ZINC UPDATE OF 24 MAY 2018

Zinc trading range for the day is 203.8-210.4. Zinc dropped as fading optimism that a China-U.S. trade stand-off was at an end knocked appetite for cyclical assets. China's refined zinc production rose 2.1 pct in April from a month earlier to 377,000 tonnes as smelters returned from maintenance. Zinc smelters in Yunnan, Sichuan, Guangxi and Anhui restored normal operating rates after overhauls, but other plants started maintenance, capping output increases.

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