It is estimated that the zinc concentrate output of Century Zinc Mine, Australia's mining giant will reach 500,000-510,000 tons in 2010. The output was cut by 29% due to the technological problems. Zinc yesterday we have seen that market has moved -0.46%. Market has opened at 98 & made a low of 97.65 versus the day high of 98. The total volume for the day was at 543 lots and the open interest was at 3974.Now support for the zinc is seen at 97.6 and below could see a test of 97.45. Resistance is now likely to be seen at 97.95, a move above could see prices testing 98.15.

Trading Ideas:

Zinc trading range is 94-101.

Century Zinc Mine expects output to increase to 500,000-510,000 tons in 2010

Support for zinc is at 96.60 and resistance is at 98.95.

Zinc weekly stock at Shanghai exchange came down by -240 tonnes.

SELL ZINC FEB @ 97.50 SL 98.80 TGT 96.80-96.05-95.20-94.60.MCX