The global refined zinc market was in a 403,000 metric ton surplus in January to October, the International Lead and Zinc Study Group said. This compares with a 66,000-ton surplus in the same period a year ago, ILZSG said. Zinc yesterday we have seen that market has moved 4.08%.

Market has opened at 108 & made a low of 107.65 versus the day high of 112.4. The total volume for the day was at 24857 lots and the open interest was at 4487.Now support for the zinc is seen at 109.10 and below could see a test of 106.00. Resistance is now likely to be seen at 113.80, a move above could see prices testing 115.50.

Trading Ideas:

ZINC TRADING RANGE IS 108-116.

THE GLOBAL REFINED ZINC MARKET WAS IN A 403,000 METRIC TON SURPLUS

BUY ZINC ON DIP @ 109.50 SL 108.30 TGT 110.20-111.40-112.50.MCX

SUPPORT FOR ZINC IS AT 111.10 AND RESIST IS AT 113.60 LEVEL.

ZINC DAILY STOCK AT SHANGHAI EXCHANGE CAME DOWN BY -100 TONNES