China's growth in refined zinc production and zinc consumption may slow in 2011. Output of refined zinc may reach more than 5.2 million tons next year, an increase of around 4 percent from an estimated output of 5.01 million tons this year, down from a growth of 15 percent in 2010. Zinc yesterday we have seen that market has moved 0.3%. Market has opened at 98.7 & made a low of 98.7 versus the day high of 99.5. The total volume for the day was at 1163 lots and the open interest was at 7131.Now support for the zinc is seen at 98.6 and below could see a test of 98.2. Resistance is now likely to be seen at 99.4, a move above could see prices testing 99.8.

Trading Ideas:

Zinc trading range is 98.2-99.8.

China to see slower growth in zinc output, demand next year

Zinc looks to take support at 97.80 and resistance at 100.10.

Zinc weekly stocks at Shanghai exchange came up by 2581 tonnes.