Zinc spot business is sluggish as the market is in the midst of its traditional mid-December slowdown, but market participants said many consumers are still busy negotiating long-term contract premiums. Zinc yesterday we have seen that market has moved 0.18%. Market has opened at 113 & made a low of 111.25 versus the day high of 113.1.

The total volume for the day was at 856 lots and the open interest was at 4777. Now support for the zinc is seen at 111.3 and below could see a test of 110.35. Resistance is now likely to be seen at 113.15, a move above could see prices testing 114.05.

Trading Ideas:

ZINC TRADING RANGE IS 108-116.

US SPOT ZINC PREMIUMS HOLDING STEADY

SUPPORT FOR ZINC IS AT 111.10 AND RESIST IS AT 113.40 LEVEL.

ZINC LAST WEEK TRADED ABV 110 CAN SOME GOOD DEMAND FROM STEEL SECTOR EMERGE.

BUY ZINC DEC @ 112-112.50 SL 111 TGT 113.20-113.90-114.80-115.50.MCX