Mitsui Mining & Smelting Co. said it raised its zinc selling price by Y15,000 to Y280,000 a metric ton. Zinc yesterday we have seen that market has moved 0.3%. Market has opened at 118.4 & made a low of 118.4 versus the day high of 118.95. The total volume for the day was at 264 lots and the open interest was at 5660.Now support for the zinc is seen at 118.40 and below could see a test of 118.10. Resistance is now likely to be seen at 119.00, a move above could see prices testing 119.20.

Trading Ideas:

Zinc trading range is 115-123.

Mitsui Mining & Smelting Co. has raised its zinc selling price

As zinc still looks till 122-124 level above 120 mark.

Zinc weekly stock at Shanghai exchange came up by 1375 tonnes.

BUY ZINC JAN @117.50 SL 116.40 TGT 118.40-119.20-120.MCX