EPIC RESEARCH MCX Zinc UPDATE OF 31 AUGUST 2018
Posted by Commodity Updates by Epic Research on 12:16:00 with No comments
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Zinc dropped as the US dollar rebounded on its robust personal consumption expenditures (PCE) price index for July
Available products in Guangdong were also tight, with limited arrivals from smelters.
In anticipation of higher zinc prices, smelters did not hurry to destock, given current low inventories of zinc ingots.
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