Zinc imports by China may slump almost 60 percent this year as domestic production increases. Imports may decline to 278,000 tons from 670,000 tons in 2009, Monica Gao said at a conference in Shenzhen on Thursday. Zinc yesterday we have seen that market has moved 0.35%. Market has opened at 100.1 & made a low of 100.05 versus the day high of 100.35. The total volume for the day was at 405 lots and the open interest was at 3445.Now support for the zinc is seen at 100.1 and below could see a test of 99.9. Resistance is now likely to be seen at 100.4, a move above could see prices testing 100.5.

Trading Ideas:

Zinc trading range is 99.9-100.5.

Zinc imports to decline on output boost

Support for the zinc is at 99.20 and resistance is at 101.40

Zinc weekly stock at Shanghai exchange came up by 20758 tons.

BUY ZINC MAR @ 100.80 SL 99.80 TGT 101.50-102.20-103.MCX