. S. domestic production of recoverable zinc was 62, 100 metric tons in August, up 8.9% from 57,000 tons the previous month, according to the U. S. Geological Survey. Average U. S. daily zinc mine production in August was 2,000 tons, up 9% from July and slightly higher than in August 2008.

Zinc yesterday we have seen that market has moved -0.21%. Market has opened at 119 & made a low of 118.25 versus the day high of 120.75. The total volume for the day was at 24422 lots and the open interest was at 5980. Now support for the zinc is seen at 117.60 and below could see a test of 116.60. Resistance is now likely to be seen at 120.10, a move above could see prices testing 121.60.

Trading Ideas:

Zinc trading range is 114-122.

U. S. domestic production of recoverable zinc was 62,100 metric tons in August

Average daily production till Aug was 2,000 tons, up 9% from July and slightly higher than last year.

Zinc daily stock at Shanghai exchange came up by 25 tonnes.

BUY ZINC JAN @117.50-118 SL 116.40 TGT 118.80-119.60-120.70.MCX