According to China Customs, China's imports of refined zinc were 14 kt duirng February, down 51.7% MoM, while YTD imports were 43 kt, down 52% YoY.  Zinc yesterday we have seen that market has moved 3.34%. Market has opened at 100.4 & made a low of 100.4 versus the day high of 103.75. The total volume for the day was at 23253 lots and the open interest was at 2690.Now support for the zinc is seen at 101.5 and below could see a test of 99.3. Resistance is now likely to be seen at 104.8, a move above could see prices testing 106.

Trading Ideas:

Zinc trading range is 99.9-100.5.

China's imports of refined zinc were 14 kt duirng February, down 51.7% MoM

Support for the zinc is at 102.50 and resistance is at 104.80

Zinc daily stock at Shanghai exchange came up by 1152 tons.

BUY ZINC MAR @ 102-102.60 SL 101.50 TGT 103.40-104-104.80.MCX