U.S. zinc producer Horsehead Holding Corp. said it will restart its zinc oxide and metal refinery in Monaca, Pa., by the end of September and expects production will return by the end of January 2011 to the rate it was before an explosion forced a shutdown in July. Zinc yesterday we have seen that market has moved 0.15%. Market has opened at 100.5 & made a low of 100.45 versus the day high of 100.7. The total volume for the day was at 630 lots and the open interest was at 4896.Now support for the zinc is seen at 100.4 and below could see a test of 100.3. Resistance is now likely to be seen at 100.7, a move above could see prices testing 100.8.

Trading Ideas:

Zinc trading range is 100.3-100.8.

Horsehead Monaca zinc smelter restart to begin this month

Resistance for zinc is seen at 101.60 and support is at 99.50.

Zinc weekly stock at Shanghai exchange came up by 4472 tonnes.