Mitsui Mining & Smelting Co. said it raised its zinc selling price by Y5,000 to Y215,000 a metric ton. Zinc yesterday we have seen that market has moved 2.94%. Market has opened at 97.5 & made a low of 97.5 versus the day high of 101.2. The total volume for the day was at 29014 lots and the open interest was at 4294.Now support for the zinc is seen at 98.1 and below could see a test of 96. Resistance is now likely to be seen at 101.8, a move above could see prices testing 103.4.

Trading Ideas:

Zinc trading range is 96-103.4.

Mitsui Mining & Smelting raises zinc price to Y215,000/ton

Resistance for zinc is seen at 101.80 and support is at 98.10.

Zinc daily stock at Shanghai exchange came down by -151 tonnes.