Mitsui Mining & Smelting Co. said it raised its zinc selling price by Y5,000 to Y265,000 a metric ton. This will bring the estimated average zinc selling price for December to Y253,200. Zinc yesterday we have seen that market has moved -0.18%.

Market has opened at 112.7 & made a low of 111.7 versus the day high of 113.35. The total volume for the day was at 18191 lots and the open interest was at 5757. Now support for the zinc is seen at 112.10 and below could see a test of 111.00. Resistance is now likely to be seen at 113.70, a move above could see prices testing 114.30.

Trading Ideas:

ZINC TRADING RANGE IS 109-117.

MITSUI MINING & SMELTING CO. HAS RAISED ITS ZINC SELLING PRICE

SUPPORT FOR ZINC IS AT 112.10 AND RESIST IS AT 114.60 LEVEL.

ZINC DAILY STOCK AT SHANGHAI EXCHANGE DOWN BY -101 TONNES.

SELL ZINC DEC @ 113.50 SL 114.60 TGT 113-112.40-111.80.MCX