EPIC RESEARCH MCX ZINC UPDATE OF 16 July 2018

Zinc trading range for the day is 172.9-180.7.

* Zinc prices recovered on short covering amid shrinking social inventories across Shanghai, Tianjin and Guangdong.

* Zinc social inventory in Shanghai, Guangdong and Tianjin fell further over the week on limited arrivals and growing shipments leaving warehouses.

* Smelters held back from selling but downstream consumers stockpiled at low prices.

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