Shenzhen Zhongjin Lingnan Nonfemet, China's third-largest zinc producer, closed its Shaoguan lead and zinc smelter completely on Oct. 21 to comply with a provincial government pollution investigation. Zinc yesterday we have seen that market has moved 0.58%. Market has opened at 111.8 & made a low of 111.8 versus the day high of 112.45. The total volume for the day was at 1507 lots and the open interest was at 5776.Now support for the zinc is seen at 111.8 and below could see a test of 111.5. Resistance is now likely to be seen at 112.4, a move above could see prices testing 112.8.

Trading Ideas:

Zinc trading range is 111.5-112.8.

China's Zhongjin says closed lead, zinc smelter

Zinc looks to take support at 111 and resistance at 113.20

Zinc weekly stocks at Shanghai exchange came up by 1066 tonnes.