Mitsui
Mining & Smelting Co. said it raised its zinc selling price by
Y15,000 to Y235,000 a metric ton. This will bring the average zinc
selling price for December to Y231,100. Zinc yesterday we have seen that
market has moved 1.12%. Market has opened at 102.25 & made a low of
99.75 versus the day high of 104.75. The total volume for the day was
at 40729 lots and the open interest was at 6271. Now support for the
zinc is seen at 100.7 and below could see a test of 97.7. Resistance is
now likely to be seen at 105.7, a move above could see prices testing
107.7.

Trading Ideas:

Zinc trading range is 97.7-107.7.

Mitsui Mining & Smelting raises zinc price to Y235,000/ton

Zinc looks to take support at 102.30 and resistance at 105.70.

Zinc daily stocks at Shanghai exchange came up by 126 tonnes.