Russia's top zinc producer, Chelyabinsk Zinc Plant, plans to raise output of the metal and alloys to 160,000 tonnes next year, a 4.6 percent increase from this year's target, the plant said. Zinc yesterday we have seen that market has moved -0.5%. Market has opened at 100.95 & made a low of 99.65 versus the day high of 101.35. The total volume for the day was at 20879 lots and the open interest was at 9618.Now support for the zinc is seen at 99.3 and below could see a test of 98.6. Resistance is now likely to be seen at 101, a move above could see prices testing 102.

Trading Ideas:

Zinc trading range is 98.6-102.

Russia Chelyabinsk zinc plans output rise in 2011

Zinc looks to take support at 99.30 and resistance at 101.

Zinc daily stocks at Shanghai exchange came up by 227 tonnes.