The world refined zinc market was in a 166,000 metric ton surplus in January to August, the International Lead and Zinc Study Group said. Zinc yesterday we have seen that market has moved 2.43%. Market has opened at 113.25 & made a low of 112.95 versus the day high of 115.6. The total volume for the day was at 39209 lots and the open interest was at 5252.Now support for the zinc is seen at 113.7 and below could see a test of 112. Resistance is now likely to be seen at 116.4, a move above could see prices testing 117.3.

Trading Ideas:

Zinc trading range is 112-117.3.

World zinc market in 166,000 ton surplus Jan-Aug - ILZSG

Zinc looks to take support at 113.70 and resistance at 116.40.

Zinc daily stocks at Shanghai exchange came up by 3876 tonnes.