EPIC RESEARCH MCX ZINC UPDATE OF 23 July 2018

Zinc trading range for the day is 174.5-184.9.

* Zinc prices ended with gains recovering from lows on short covering amid plunging inventories.

* Zinc inventory in SHFE warehouses plunged to a 10-year low after buyers took advantage of price declines and while supply remains restricted by local production cuts.

* Zinc social inventory in Shanghai, Guangdong and Tianjin inched up nearly 700 mt from a week ago to 99,900 mt as downstream buyers hesitated to purchase.

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