The global refined zinc market was in a 265,000-metric-ton surplus between January and July, the World Bureau of Metal Statistics said. Zinc yesterday we have seen that market has moved 0.05%. Market has opened at 98.65 & made a low of 98.1 versus the day high of 99.5. The total volume for the day was at 29605 lots and the open interest was at 7464. Now support for the zinc is seen at 97.9 and below could see a test of 97.3. Resistance is now likely to be seen at 99.3, a move above could see prices testing 100.1.

Trading Ideas:

Zinc trading range is 97.3-100.1.

World zinc market in 265,000-ton surplus Jan-Jul - WBMS

Resistance for zinc is seen at 99.30 and support is at 97.90.

Zinc daily stock at Shanghai exchange came up by 1783 tonnes.