According to China Customs, China's imports of refined zinc were 31 kt during April, up 72% MoM, with YTD imports of 92 kt, down 70.8% YoY.  Zinc yesterday we have seen that market has moved 0.11%. Market has opened at 88.85 & made a low of 88.8 versus the day high of 89.65. The total volume for the day was at 2033 lots and the open interest was at 5211.Now support for the zinc is seen at 88.8 and below could see a test of 88.4. Resistance is now likely to be seen at 89.6, a move above could see prices testing 90.1.

Trading Ideas:

Zinc trading range is 88.4-90.1.

China's imports of refined zinc were 31 kt during April

Resistance for zinc is seen at 90.10 and support is at 88.40.

Zinc daily stock at Shanghai exchange came down by -422 tonnes.

SELL ZINC JUNE @ 89.50 SL 90.50 TGT 88.70-88-87.50.MCX