EPIC RESEARCH MCX ZINC UPDATE OF 24 JULY 2018

Zinc trading range for the day is 174.1-183.7. Zinc prices ended with losses tracking weakness in LME prices after surge in LME inventories. LME data showed a large short holding in the futures report, while lending guidance is enforced with a single holder of more than half LME metal. The International Monetary Fund (IMF) warned world economic leaders that a recent wave of trade tariffs would significantly harm global growth.

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