Mitsui Mining & Smelting Co. said it raised its zinc selling price by Y5,000 to Y240,000 a metric ton. This will bring the average zinc selling price for October to Y235,300. Zinc yesterday we have seen that market has moved 0.98%. Market has opened at 107 & made a low of 106.6 versus the day high of 110. The total volume for the day was at 44822 lots and the open interest was at 4659.Now support for the zinc is seen at 106.5 and below could see a test of 104.8. Resistance is now likely to be seen at 109.9, a move above could see prices testing 111.6.

Trading Ideas:

Zinc trading range is 104.8-111.6.

Mitsui Mining & Smelting raises zinc price to y240,000/ton

Zinc looks to take support at 106.50 and resistance at 109.90.

Zinc daily stocks at Shanghai exchange came up by 703 tonnes.