EPIC RESEARCH MCX Zinc UPDATE OF 14 August 2018

Zinc trading range for the day is 170.2-180.2.

* Zinc prices dropped tracking LME prices dropped by 1.1 percent after rise in LME stocks by 14,775 tonnes, back towards levels held in June and July.

* China’s social inventory of zinc across Shanghai, Tianjin and Guangdong was little changed as inflows of imported materials went directly to downstream consumers.

* Stocks are unlikely to decrease this week as production at some smelters would recover from maintenance works.

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