EPIC RESEARCH MCX Zinc UPDATE OF 29 AUGUST 2018

Zinc trading range for the day is 175.6-181.6.

Zinc dropped tracking weakness in LME prices fell 0.19% at 2,528.00, giving up gains from a day earlier that followed data showing zinc stocks in China fell 11.8%.

Imports grew social inventories of zinc over the weekend even as deliveries from smelters remained limited.

Stocks across social warehouses in Shanghai jumped 3,800 mt from last Friday to 53,100 mt, accounting for most of the increase in social inventories.

Warehouse stock for Zinc at LME was at 247050mt that is down by -350mt.


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