EPIC RESEARCH MCX ZINC UPDATE OF 4 JUNE 2018

Zinc trading range for the day is 205.5-210.7. Zinc prices dropped on profit booking continuing its weak trend after LME inventories rose, indicating supplies were healthy. China’s manufacturing sector expanded at a steady pace in May as a pick up in production and domestic business offset a second month of declines in new export orders. U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions.

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