Xstrata PLC said it is starting construction on its Bracemac-McLeod zinc mine in Canada and expects full capacity to be reached by the first quarter of 2013, with initial production set to begin in early 2012. Zinc yesterday we have seen that market has moved 0.34%. Market has opened at 87.05 & made a low of 86.85 versus the day high of 87.6. The total volume for the day was at 501 lots and the open interest was at 5135.Now support for the zinc is seen at 87 and below could see a test of 86.6. Resistance is now likely to be seen at 87.8, a move above could see prices testing 88.1.

Trading Ideas:

Zinc trading range is 86.3-87.8.

Bracemac-McLeod zinc output expected by early 2012 - Xstrata

Resistance for zinc is seen at 86.40 and support is at 88.40.

Zinc weekly stock at Shanghai exchange came down by -5529 tonnes.

ZINC WAIT FOR FRESH ENTRY.