EPIC RESEARCH MCX ZINC UPDATE OF 16 AUGUST 2018

Zinc trading range for the day is 169.4-176. Zinc dropped on concerns about the hit to global growth and demand from trade disputes and political tensions, as well as a stronger dollar. The premium of cash zinc over the three-month contract meanwhile plummeted to $3 from more than $50 a week ago, signalling greater availability of nearby metal. But ongoing concerns over tight supply have been bolstered by data showing one entity controls 50-79 percent of LME zinc warrants.

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