EPIC RESEARCH MCX ZINC UPDATE OF 18 July 2018

Posted by Commodity Updates by Epic Research on 13:27:00 with No comments

Zinc trading range for the day is 169.1-176.7.

* Zinc recovered on short covering after prices remained under pressure amid worries over Washington-Beijing trade war curbing demand.

* China's economy expanded at a slower pace in the second quarter as Beijing's efforts to contain debt hurt activity.

* Zinc social inventory in Shanghai, Guangdong and Tianjin fell 1,400 mt over the weekend to 97,900 mt amid limited arrivals.

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