Zinc production in China may fall between 30,000 and 40,000 tons in November due to the power limits. Still, inventories of the metal are "very high,”. Zinc yesterday traded with the positive node and settled 0.32% up at 111.2. Some pressure had been seen from the LME stock also which came up by 1350mt, the total stock at LME is now at 633500mt. In yesterday's trading session zinc has touched the low of 111.1 after opening at 111.1, and finally settled at
111.2. For today's session market is looking to take support at 111, a break below could see a test of 110.8 and where as resistance is now likely to be seen at 111.5, a move above could see prices testing 111.7. Spread between zinc NOV & DEC contracts yesterday ended at 1.05. Spread yesterday traded in the range of 1 - 1.5.

Trading Ideas:

Zinc trading range is 110.8-111.7.

Zinc production in China may fall between 30,000 and 40,000 tons in November

Zinc looks to take support at 109.60 and resistance at 112.40.

Zinc weekly stocks at Shanghai exchange came up by 6574 tonnes.