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Monday 10 September 2018

EPIC RESEARCH MCX Zinc UPDATE OF 10 September 2018

Zinc trading range for the day is 171.6-177.4.

* Zinc dropped amid concerns of China’s tough stance on trade disputes with the US continue to weigh on investors and the market.

* Further downside seen limited given current low inventories in major domestic markets and in the Shanghai bonded area.

* Zinc premiums shot up to four-year highs in China after a large import arbitrage encouraged deals at premiums up to and above $200 per tonne.

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