The increased output may help zinc to extend a fall that's made the metal the worst performer on the London Metal Exchange this year. Chinese smelters typically schedule maintenance over summer when demand dips. Zinc is used in galvanized steel. Zinc yesterday we have seen that market has moved -1.37%. Market has opened at 98.6 & made a low of 96.65 versus the day high of 98.9. The total volume for the day was at 29257 lots and the open interest was at 5660. Now support for the zinc is seen at 96.3 and below could see a test of 95.4. Resistance is now likely to be seen at 98.6, a move above could see prices testing 99.9.

Trading Ideas:

Zinc trading range is 95.4-99.9.

The increased output may help zinc to extend a fall

Resistance for zinc is seen at 98.60 and support is at 96.30.

Zinc daily stock at Shanghai exchange came down by -174 tonnes.