Mitsui Mining & Smelting Co. said it lowered its zinc selling price by Y10,000 to Y200,000 a metric ton.  This will bring the average zinc selling price for July to Y201,400. Zinc yesterday we have seen that market has moved 2.35%. Market has opened at 85.1 & made a low of 85.1 versus the day high of 87.3. The total volume for the day was at 27037 lots and the open interest was at 4878.Now support for the zinc is seen at 85.7 and below could see a test of 84.3. Resistance is now likely to be seen at 87.9, a move above could see prices testing 88.7.

Trading Ideas:

Zinc trading range is 84.3-88.7.

Mitsui Mining & Smelting Co. has lowered its zinc selling price

Resistance for zinc is seen at 87.90 and support is at 85.70.

Zinc daily stock at Shanghai exchange came down by -3574 tonnes.