EPIC RESEARCH MCX Zinc UPDATE OF 24 August 2018

Zinc trading range for the day is 169.9-176.7.

Zinc prices gained on short covering after prices remained under pressure after a new round of US tariffs on $16 billion worth of Chinese imports took effect on Thursday.

Shanghai zinc stocks at 34,930 tonnes, the lowest since November 2007, having fallen by 14,313 tonnes from the previous week.

China's production of zinc, slipped by 3.5 pct year-on-year in July to its lowest monthly level since August 2013, the National Bureau of Statistics said.

Warehouse stock for Zinc at LME was at 248575mt that is down by -800mt.

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