EPIC RESEARCH MCX ZINC UPDATE OF 31 JULY 2018

Zinc trading range for the day is 175-181.2. Zinc dropped as investors focused instead on a raft of economic reports that may indicate slowing growth in top metals consumer China. Zinc social inventory in Shanghai, Guangdong, and Tianjin rose as arrivals from smelters and downstream consumers’ weak buying interest. Profits at China’s industrial companies in June rose 20% from a year earlier, slightly retreating from the 21.1% gain in May.

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