U.S. zinc producer Horsehead Holding Corp. said the refinery at its zinc plant in Pennsylvania won't be restored to full capacity until early 2011.  The refinery was closed after an explosion in late July that killed two employees. Zinc yesterday we have seen that market has moved -2.08%. Market has opened at 98.4 & made a low of 95.95 versus the day high of 98.4. The total volume for the day was at 33025 lots and the open interest was at 6867.Now support for the zinc is seen at 95.6 and below could see a test of 94.6. Resistance is now likely to be seen at 98.1, a move above could see prices testing 99.5.

Trading Ideas:

Zinc trading range is 94.6-99.5.

U.S. zinc producer said refinery at its zinc plant won't be restored to full capacity

Resistance for zinc is seen at 98.10 and support is at 95.60.

Zinc daily stock at Shanghai exchange remained unchanged.