Mitsui Mining & Smelting Co. said it lowered its zinc selling price by Y5,000 to Y235,000 a metric ton.  This will bring the average zinc selling price for May to Y236,100. Zinc yesterday we have seen that market has moved 1.03%. Market has opened at 92.7 & made a low of 91.55 versus the day high of 94.75. The total volume for the day was at 31353 lots and the open interest was at 7586.Now support for the zinc is seen at 91.9 and below could see a test of 90.1. Resistance is now likely to be seen at 95.1, a move above could see prices testing 96.5.

Trading Ideas:

Zinc trading range is 90.1-96.5.

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

Resistance for zinc is seen at 95.10 and support is at 91.90.

Zinc daily stock at Shanghai exchange came down by -301 tonnes.

ZINC WAIT FOR ENTRY BELOW 94.50 LOOK WEAK TILL 92 LEVEL.