Demand for zinc is set to outstrip supply next year driven largely by growth in China, the world's top metals consumer. Zinc yesterday we have seen that market has moved 2.24%. Market has opened at 103 & made a low of 102.3 versus the day high of 105.45. The total volume for the day was at 38616 lots and the open interest was at 6358.Now support for the zinc is seen at 103.1 and below could see a test of 101.1. Resistance is now likely to be seen at 106.3, a move above could see prices testing 107.4.

Trading Ideas:

Zinc trading range is 101.1-107.4.

Demand for zinc is set to outstrip supply next year driven largely by growth in China

Zinc looks to take support at 103.1 and resistance at 106.3.

Zinc daily stocks at Shanghai exchange came down by -50 tonnes.