Wednesday, 4 July 2018

EPIC RESEARCH MCX ZINC UPDATE OF 04 July 2018

Zinc trading range for the day is 189.4-199.2.

Zinc prices dropped tracking LME prices dropped by 1.2 percent to $2,789 as ongoing trade tensions between China and the United States curbed risk appetite.

Spot zinc premiums in Shanghai dipped quickly, as smelters were more willing to destock at the end of the month.

Zinc social inventory in Shanghai, Guangdong and Tianjin dipped over the weekend due to limited arrivals from smelters and bonded areas.
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