China, the world's largest zinc producer, may boost imports of the ore and concentrate as smelters expand. This year's shipments of zinc concentrate may exceed last year's 1.9 million metric tons, the executive of the country's third-largest producer said. He declined to quantify the amount. Zinc yesterday we have seen that market has moved 0.09%. Market has opened at 106.8 & made a low of 105.85 versus the day high of 107.8. The total volume for the day was at 31791 lots and the open interest was at 3660.Now support for the zinc is seen at 106.1 and below could see a test of 105. Resistance is now likely to be seen at 108.1, a move above could see prices testing 108.9.

Trading Ideas:

Zinc trading range is 105-108.9.

China's 2010 zinc imports may exceed 2009 level

Resistance for zinc is seen at 108.10 and support is at 106.10

Zinc daily stock at Shanghai exchange came up by 26 tonnes.

SELL ZINC APR @ 107.50 SL 108.40 SL 106.70-106.10-105.20.MCX