EPIC RESEARCH MCX Zinc UPDATE OF 7 August 2018

Zinc trading range for the day is 175.6-181.8.

* Zinc dropped as prices face strong pressure from the US-China trade disputes and a slowdown in Chinese economic growth.

* China’s central bank said it would require banks to keep reserves equivalent to 20 percent of their clients’ foreign exchange forwards positions.

* Social inventories of zinc in Shanghai, Guangdong, and Tianjin grew 11,600 mt from last Friday to 115,000 mt.

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