EPIC RESEARCH MCX ZINC UPDATE OF 19 June 2018

Zinc trading range for the day is 208.9-213.3.

Zinc prices dropped as an escalation in trade tensions between China and the United States, which has stirred up some risk aversion in the market.

Social inventory of zinc across Shanghai, Guangdong and Tianjin extended its increase as zinc imports continued to flow into Shanghai and as consumption remained weak.

Zinc social inventory in Shanghai increased 10,000 mt to stand at 110,300 mt while inventory in Guangdong and Tianjin shrank 2,800 mt and 2,500 mt, respectively.


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