Mitsui Mining & Smelting Co. said it lowered its zinc selling price by Y15,000 to Y255,000 a metric ton.  This will bring the average zinc selling price for January to Y269,200. Zinc yesterday we have seen that market has moved -0.51%. Market has opened at 107.95 & made a low of 106.45 versus the day high of 109.2. The total volume for the day was at 24693 lots and the open interest was at 4179.Now support for the zinc is seen at 105.70 and below could see a test of 104.70. Resistance is now likely to be seen at 108.50, a move above could see prices testing 110.20.

Trading Ideas:

Zinc trading range is 103-110.

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

Zinc is still holding 105 mark below this some more pressure can be seen

Zinc daily stock at Shanghai exchange came down by -151 tonnes.

SELL ZINC JAN @ 107.50 SL 108.40 TGT 106.80-106-105.10.MCX