China's production of refined zinc will rise by near 4 percent in 2011 from this year and consumption will climb 7.8 percent. Zinc yesterday we have seen that market has moved 2.32%. Market has opened at 97 & made a low of 95.75 versus the day high of 99.55.

The total volume for the day was at 23792 lots and the open interest was at 6062. Now support for the zinc is seen at 96.7 and below could see a test of 94.3. Resistance is now likely to be seen at 100.5, a move above could see prices testing 101.9.

Trading Ideas:

Zinc trading range is 94.3-101.9.

China's production of refined zinc will rise by near 4 percent in 2011

Zinc looks to take support at 98.10 and resistance at 100.50.

Zinc daily stocks at Shanghai exchange came down by 953 tonnes.