According to statistics from International Lead and Zinc Study Group (ILZSG), global zinc output has increased significantly in 2010, with a growth rate expected to reach 11.2%, and with the output of 12,530kt. The global zinc output totaled 72,730kt from January to July, up 13.9% YoY. Zinc stockpiles fell for the first time in ten weeks, on Shanghai Exchange down 7,854 tons to 295,575 tons from a record last week. Zinc yesterday we have seen that market has moved -0.16%. Market has opened at 96.8 & made a low of 96.5 versus the day high of 97.05. The total volume for the day was at 651 lots and the open interest was at 5919.Now support for the zinc is seen at 96.4 and below could see a test of 96.2. Resistance is now likely to be seen at 96.9, a move above could see prices testing 97.3.

Trading Ideas:

Zinc trading range is 96.2-97.3.

Global zinc output has increased in 2010 with growth rate expected to reach 11.2% - ILZSG

Zinc looks to take support at 95.20 and resistance at 97.50.

Zinc weekly stocks at Shanghai exchange came down by 7854 tonnes.