Japan's Mitsui Mining and Smelting Co said it plans to produce 6.5 percent more zinc in the October-March second half than in the same period of last financial year. Zinc yesterday we have seen that market has moved 0.15%. Market has opened at 102.2 & made a low of 102.1 versus the day high of 103.65. The total volume for the day was at 25577 lots and the open interest was at 7234.Now support for the zinc is seen at 101.7 and below could see a test of 101.1. Resistance is now likely to be seen at 103.2, a move above could see prices testing 104.2.

Trading Ideas:

Zinc trading range is 101.1-104.2.

Mitsui Mining plans 6.5 pct rise in H2 zinc output

Zinc looks to take support at 101.7 and resistance at 103.2.

Spread between zinc OCT & NOV contracts yesterday traded in the range of 1 - 1.45.