China's demand for zinc will continue to grow for the rest of the year as the country stages a sustainable economic recovery despite potential headwinds from policy changes in the property market, said a senior official with China Nonferrous Metal Industry Association. Zinc yesterday we have seen that market has moved 0.1%. Market has opened at 99.85 & made a low of 98.25 versus the day high of 100.2. The total volume for the day was at 36106 lots and the open interest was at 6967. Now support for the zinc is seen at 98.5 and below could see a test of 97.4. Resistance is now likely to be seen at 100.5, a move above could see prices testing 101.3.

Trading Ideas: Zinc trading range is 97.4-101.3.

China's demand for zinc will continue to grow for the rest of the year

Resistance for zinc is seen at 100.50 and support is at 98.50.

Zinc daily stock at Shanghai exchange came up by 25 tonnes.