World zinc mining companies may pay 15 to 20 percent less to smelters for processing raw material into refined metal next year after fees dropped in the cash market. Zinc yesterday we have seen that market has moved 1.01%. Market has opened at 104.45 & made a low of 104.05 versus the day high of 105.45. The total volume for the day was at 19705 lots and the open interest was at 8453.Now support for the zinc is seen at 104.4 and below could see a test of 103.5. Resistance is now likely to be seen at 105.8, a move above could see prices testing 106.3.

Trading Ideas:

Zinc trading range is 103.5-106.3.

World zinc mining companies may pay 15 to 20 percent less to smelters

Zinc looks to take support at 104.40 and resistance at 106.10.

Zinc daily stocks at Shanghai exchange came up by 177 tonnes.