Global zinc mine output rose by 13.6%. This was primarily driven by increases in Australia, China, India, Mexico and Namibia. An increase in global refined zinc production of 16.2% was a consequence of higher output in a number of countries, most notably Belgium, Canada, China, India and the United States. Zinc yesterday we have seen that market has moved -0.1%. Market has opened at 99 & made a low of 98.35 versus the day high of 99.85. The total volume for the day was at 29095 lots and the open interest was at 7116.Now support for the zinc is seen at 98.1 and below could see a test of 97.5. Resistance is now likely to be seen at 99.6, a move above could see prices testing 100.5.

Trading Ideas:

Zinc trading range is 97.5-100.5.

Global zinc mine output rose by 13.6%

Resistance for zinc is seen at 99.60 and support is at 98.10.

Zinc daily stock at Shanghai exchange came down by -151 tonnes.