EPIC RESEARCH MCX ZINC UPDATE OF 28 MAY 2018

Zinc trading range for the day is 205.6-209.4. Zinc prices recovered after the dollar took a hit following U.S. President Donald Trump's decision to cancel a summit with North Korean leader Kim Jong Un. China will slash import tariffs on certain vehicles and auto parts down to 15%, the Ministry of Finance (MOF) said. Cuts will take effect on July 1. Cme lowers zinc futures initial margins for specs by 8.3 percent to $3,630 per contract from $3,960.

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