EPIC RESEARCH MCX ZINC UPDATE OF 20 July 2018

Posted by Commodity Updates by Epic Research on 12:45:00 with No comments

Zinc trading range for the day is 170.8-185.4.

* Zinc prices dropped as another broad sell-off in industrial metals took hold.

* Prices earlier seen supported amid report that China plans to boost liquidity in the banking sector, and was underpinned by falling inventories and a weaker yuan.

* China June zinc output -5 pct y/y at 475,000 tonnes, the National Bureau of Statistics said.

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