Mitsui Mining & Smelting Co. said it raised its zinc selling price by Y5,000 to Y235,000 a metric ton. This will bring the average zinc selling price for September to Y226,300. Zinc yesterday we have seen that market has moved -3.06%. Market has opened at 100.6 & made a low of 97.95 versus the day high of 100.6. The total volume for the day was at 28957 lots and the open interest was at 7162.Now support for the zinc is seen at 97.2 and below could see a test of 96.2. Resistance is now likely to be seen at 99.8, a move above could see prices testing 101.5.

Trading Ideas:

Zinc trading range is 96.2-101.5.

Mitsui Mining & Smelting raises zinc price to Y235,000/ton

Zinc looks to take support at 97.2 and resistance at 99.8.

Zinc daily stocks at Shanghai exchange came up by 77 tonnes.