Mitsui Mining & Smelting Co. said it raised its zinc selling price by Y10,000 to Y210,000 a metric ton. This will bring the average zinc selling price for July to Y206,700. Zinc yesterday we have seen that market has moved -1.09%. Market has opened at 86.8 & made a low of 85.75 versus the day high of 87.1. The total volume for the day was at 21211 lots and the open interest was at 5105.Now support for the zinc is seen at 85.8 and below could see a test of 85.1. Resistance is now likely to be seen at 87.2, a move above could see prices testing 87.8.

Trading Ideas:

Zinc trading range is 85.1-87.8.

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

Resistance for zinc is seen at 85.80 and support is at 87.20.

Zinc daily stock at Shanghai exchange came down by -824 tonnes.

SELL ZINC BELOW 86 SL 87.10 TGT 85.50-84.80-84.10.MCX