Belgium's Nyrstar the world's biggest producer of zinc, said on Wednesday that zinc metal production was down 3 percent in the third quarter because of operational issues at its Balen smelter. Production was 256,000 tonnes compared with 265,000 in the same period last year. Zinc yesterday we have seen that market has moved -0.81%. Market has opened at 110.8 & made a low of 108.6 versus the day high of 111.4. The total volume for the day was at 37285 lots and the open interest was at 3149.Now support for the zinc is seen at 108.4 and below could see a test of 107.1. Resistance is now likely to be seen at 111.2, a move above could see prices testing 112.7.

Trading Ideas:

Zinc trading range is 107.1-112.7.

Nyrstar says zinc production was down 3 percent in Q3

Zinc looks to take support at 108.40 and resistance at 111.20.

Zinc daily stocks at Shanghai exchange came up by 4000 tonnes.