Mitsui Mining & Smelting Co. said it raised its zinc selling price by Y10,000 to Y255,000 a metric ton.  This will bring the estimated average zinc selling price for December to Y253,400. Zinc yesterday we have seen that market has moved 0.23%. Market has opened at 109.35 & made a low of 109.3 versus the day high of 109.7.

The total volume for the day was at 349 lots and the open interest was at 3093.Now support for the zinc is seen at 109.30 and below could see a test of 109.10. Resistance is now likely to be seen at 109.70, a move above could see prices testing 109.90.

Trading Ideas:

ZINC TRADING RANGE IS 105-113.

MITSUI MINING & SMELTING CO. HAS RAISED ITS ZINC SELLING PRICE

SELL ZINC DEC @ 110-110.50 SL 111.30 TGT 109.20-108.50-107.60.MCX

SUPPORT FOR ZINC IS AT 108.10 AND RESIST IS AT 110.60 LEVEL.

ZINC WEEKLY STOCK AT SHANGHAI EXCHANGE CAME DOWN BY -241 TONNES