EPIC RESEARCH MCX ZINC UPDATE OF 28 JULY 2017

Zinc trading range for the day is 177.1-182.9.Zinc dropped tracking weakness in LME prices on profit booking after prices earlier gained amid upbeat views about China's economic growth and metals demand. Earnings for China's industrial firms surged 19.1 percent in June from a year earlier, accelerating from May in a sign economic momentum remains solid. Reflecting a sharp jump in orders for transportation equipment, data showed a substantial increase in new orders for U.S. manufactured durable goods in June.

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