Mitsui Mining & Smelting Co. said it lowered its zinc selling price by Y10,000 to Y200,000 a metric ton.  This will bring the average zinc selling price for June to Y204,800. Zinc yesterday we have seen that market has moved 1.26%. Market has opened at 79.75 & made a low of 79.75 versus the day high of 82.1. The total volume for the day was at 23272 lots and the open interest was at 9931.Now support for the zinc is seen at 79.3 and below could see a test of 78.4. Resistance is now likely to be seen at 81.7, a move above could see prices testing 83.1.

Trading Ideas:

Zinc trading range is 78.4-83.1.

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

Resistance for zinc is seen at 81.70 and support is at 79.30.

Zinc daily stock at Shanghai exchange came down by -3329 tonnes.

BUY ZINC JUNE ABV 80.80 SL 79.80 TGT 81.30-82.MCX