Mitsui Mining & Smelting Co., Japan's biggest refined zinc producer, is planning to shut its Hikoshima smelter in western Japan for about 20 days of maintenance starting from late October. Zinc yesterday we have seen that market has moved -0.92%. Market has opened at 98.2 & made a low of 96.95 versus the day high of 98.75. The total volume for the day was at 22671 lots and the open interest was at 4254.Now support for the zinc is seen at 96.6 and below could see a test of 95.9. Resistance is now likely to be seen at 98.4, a move above could see prices testing 99.5.

Trading Ideas:

Zinc trading range is 95.9-99.5.

Mitsui Mining plans maintenance halt at Hikoshima zinc smelter

Resistance for zinc is seen at 98.40 and support is at 96.60.

Zinc daily stock at Shanghai exchange came down by -900 tonnes.