Cold Weather Freezes Lead, Zinc Production in Inner Mongolia: The recent cold weather has hindered the operations of lead and zinc smelters and miners in China's northern Inner Mongolia Autonomous Region, a major domestic lead and zinc producing region. Zinc yesterday we have seen that market has moved -3.44%. Market has opened at 121.85 & made a low of 117.65 versus the day high of 122.6. The total volume for the day was at 29481 lots and the open interest was at 5317.Now support for the zinc is seen at 116.2 and below could see a test of 114.45. Resistance is now likely to be seen at 121.15, a move above could see prices testing 124.35.

Trading Ideas:

Zinc trading range is 116-122.

Cold Weather Freezes Zinc Production in Inner Mongolia

Zinc is having support at 116.70 level and resistance at 119.20.

Spread between zinc JAN & FEB contracts yesterday ended at 0.50

SELL ZINC JAN @118 SL 119.40 TGT 117.20-116.60-115.80.MCX