Tuesday, 1 August 2017

EPIC RESEARCH MCX ZINC UPDATE OF 01 AUGUST 2017

Zinc trading range for the day is 177.6-182.2. Zinc gained after data showed that growth in China's manufacturing sector cooled slightly in July, but a government-led infrastructure push kept construction humming. Combined zinc inventories in Shanghai, Tianjin and Guangdong increased 200 tonnes to 122,600 tonnes last week. Some zinc smelters reduced shipments to Shanghai because of price spread between Shanghai and Tianjin.

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