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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