EPIC RESEARCH MCX ZINC UPDATE OF 06 July 2018

Posted by Commodity Updates by Epic Research on 15:47:00 with No comments

Zinc trading range for the day is 182.7-192.5.

Zinc prices tumbled as the Yuan rebounded and as imported zinc flowed into the market.

PBOC Governor Yi Gang said that China will "keep the yuan exchange rate basically stable at [a] reasonable and balanced level".

China's Caixin services purchasing managers' index (PMI) for June came in at 53.9, compared with the expected 52.7 and May’s 52.9.

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