China will re-export more zinc in coming months as price changes make shipping material overseas more profitable. Exports of refined zinc amounted to just 4,347 mt in October, but that was up 143% month-on-month, and set against a sharp drop in imports.

Zinc yesterday we have seen that market has moved -1.16%. Market has opened at 105 & made a low of 102.75 versus the day high of 105.2. The total volume for the day was at 17158 lots and the open interest was at 3706. Now support for the zinc is seen at 102.30 and below could see a test of 101.30. Resistance is now likely to be seen at 104.70, a move above could see prices testing 106.20.

Trading Ideas:

ZINC TRADING RANGE IS 99.50-106.50.

MORE ZINC EXPORTS EXPECTED FROM CHINA AFTER OCT INCREASE

BUY ZINC NOV @ 103-103.50 SL 102.20 TGT 104.20-104.80-105.20..MCX

ZINC IS GETTING SUPPORT AT 102.10 AND RESISTANCE AT 104.60 LEVELS.

ZINC DAILY STOCK AT SHANGHAI EXCHANGE CAME UP BY 200