EPIC RESEARCH MCX ZINC UPDATE OF 19 July 2018

Zinc trading range for the day is 169.1-187.5.

* Zinc chalked up its largest daily gain in a year, recovering from this week’s one-year low on bargain hunting and falling inventories.

* Prices also found support after the Chinese house price data reading rose at its fastest pace in 21 months.

* SHFE zinc stocks dropped by 16,919 tonnes to 58,016 tonnes last week, their lowest since February 2008, while LME zinc stocks have fallen for six straight days.

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