EPIC RESEARCH MCX ZINC UPDATE OF 17 AUGUST 2018

Zinc trading range for the day is 161.9-173.1. Zinc dropped on concerns about the hit to global growth and demand from trade disputes and political tensions, as well as a stronger dollar. China’s July zinc output fell 3.5 pct year-on-year to 439,000 tonnes, the National Bureau of Statistics said, its lowest monthly total since August 2013. Shanghai zinc slumped as much as 5.3 percent to 19,525 yuan a tonne, its lowest since June 2017, and was down 4.1 percent at the interval. Warehouse stock for Zinc at LME was at 252250mt that is down by -1000mt.

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