EPIC RESEARCH MCX Zinc UPDATE OF 17 August 2018

Posted by Commodity Updates by Epic Research on 12:39:00 with No comments
Zinc trading range for the day is 161.9-173.1.

* Zinc dropped on concerns about the hit to global growth and demand from trade disputes and political tensions, as well as a stronger dollar.

* China’s July zinc output fell 3.5 pct year-on-year to 439,000 tonnes, the National Bureau of Statistics said, its lowest monthly total since August 2013

* Shanghai zinc slumped as much as 5.3 percent to 19,525 yuan a tonne, its lowest since June 2017, and was down 4.1 percent at the interval.

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