EPIC RESEARCH MCX ZINC UPDATE OF 8 MAY 2018

Zinc trading range for the day is 205.3-209.5. Zinc prices gained on a mix of short-covering and buying by consumers of the steel-making metal that has been in a shortage for much of the past year. Shanghai zinc premiums climbed by $12.50, while ShFE lead premiums rose by $10, signalling physical buyers had stepped in on the earlier price declines. China's zinc inventories in warehouses across Shanghai, Tianjin and Guangdong shrank 6,400 mt to stand at 148,100 mt according to data.

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