EPIC RESEARCH MCX ZINC UPDATE OF 12 July 2018
Posted by Commodity Updates by Epic Research on 13:28:00 with No comments
Zinc trading range for the day is 170.3-183.7.
* Zinc dropped with the threat of further tit-for-tat tariffs between the United States and China exacerbating concerns about demand for metals.
* Imported zinc is set to impact consumption of domestic brands, as downstream buyers favoured cheaper imports.
* Visible zinc inventories across LME warehouses stood at 250,000 mt
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