EPIC RESEARCH MCX Zinc UPDATE OF 27 August 2018

Posted by Commodity Updates by Epic Research on 12:49:00 with No comments
Zinc trading range for the day is 172.5-181.7.

* Zinc prices gained supported by given current 10-year lows of warehouse warrants at SHFE warehouses.

* The global zinc market saw a surplus of 3,000 tonnes in June from a deficit of 26,000 tonnes in May, data from ILZSG showed.

* Deliverable zinc inventories in warehouses monitored by the Shanghai Futures Exchange (ShFE) fell 29.1 percent from the previous week, according to exchange data.

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