Minmetals may restart zinc concentrate output at its Century mine today, after a severe storm last week forced it to shut its export terminal and evacuate staff. Zinc yesterday we have seen that market has moved 2.1%. Market has opened at 97.55 & made a low of 96.2 versus the day high of 100.15.

The total volume for the day was at 25919 lots and the open interest was at 4019. Now support for the zinc is seen at 97.20 and below could see a test of 94.70. Resistance is now likely to be seen at 101.20, a move above could see prices testing 102.60.

Trading Ideas:

Zinc trading range is 95-104.

Minmetals Century zinc mine could restart concentrate output today

Mitsui Mining & Smelting Co. has lowered its zinc selling price

Support for zinc is at 98.60 and resistance is at 101.10

SELL ZINC FEB @ 100 SL 101.20 TGT 98.90-97.60-96.50. MCX