Refined zinc demand was 556,000 tons higher in January to May than during the same period a year ago.  The WBMS didn't provide figures for refined zinc production and refined zinc consumption, but said they were "also higher than the very low levels recorded at the beginning of last year." Zinc yesterday we have seen that market has moved 0.73%. Market has opened at 88.5 & made a low of 88.1 versus the day high of 90.8. The total volume for the day was at 29449 lots and the open interest was at 5134.Now support for the zinc is seen at 88.2 and below could see a test of 86.8. Resistance is now likely to be seen at 90.9, a move above could see prices testing 92.2.

Trading Ideas:

Zinc trading range is 86.8-92.2.

Refined zinc demand was 556,000 tons higher in January to May – WBMS

Resistance for zinc is seen at 90.90 and support is at 88.20.

Zinc daily stock at Shanghai exchange came down by -852 tonnes.