China's apparent zinc consumption will likely rise to 5.4 million metric tons this year from 5 million tons last year as an economic stimulus measure boosts demand. Zinc yesterday we have seen that market has moved 0.55%. Market has opened at 100.1 & made a low of 99.4 versus the day high of 101.25. The total volume for the day was at 24315 lots and the open interest was at 4000.Now support for the zinc is seen at 99.5 and below could see a test of 98.5. Resistance is now likely to be seen at 101.4, a move above could see prices testing 102.2.

Trading Ideas:

Zinc trading range is 98.5-102.2.

China's apparent zinc consumption to rise 8% in 2010

Support for the zinc is at 99.50 and resistance is at 101.40

Zinc daily stock at Shanghai exchange came up by 225 tons.

ZINC TO TRADE IN THE RANGE 99-101.50. WAIT FOR FRESH ENTRY