Mitsui Mining & Smelting Co. said it raised its zinc selling price by Y15,000 to Y255,000 a metric ton.  This will bring the average zinc selling price for March to Y251,600. Zinc yesterday we have seen that market has moved 0.37%. Market has opened at 107.15 & made a low of 105.8 versus the day high of 108.8. The total volume for the day was at 35569 lots and the open interest was at 5607.Now support for the zinc is seen at 105.7 and below could see a test of 104.3. Resistance is now likely to be seen at 108.7, a move above could see prices testing 110.3.

Trading Ideas:

Zinc trading range is 104.3-110.3.

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

Support for the zinc is at 106.05 and resistance is at 108.30.

Zinc daily stock at Shanghai exchange came down by -149 tonnes.

BUY ZINC MAR  ON PULL BACK AT 105 SL 103.80 TGT 105.80-106.60-107.50.MCX