Commodity Outlook for Zinc by KediaCommodity

ZincMitsui Mining & Smelting Co. said it raised its zinc selling price by Y5,000 to Y270,000 a metric ton.  This will bring the average zinc selling price for April to Y267,500. Zinc yesterday we have seen that market has moved 0.19%. Market has opened at 106.75 & made a low of 106.7 versus the day high of 106.9. The total volume for the day was at 499 lots and the open interest was at 3327.Now support for the zinc is seen at 106.7 and below could see a test of 106.6. Resistance is now likely to be seen at 106.9, a move above could see prices testing 107.

Trading Ideas:

Zinc trading range is 106.6-107.

Global Zinc Market In 107,000-Ton Surplus In Jan-Feb - ILZSG

Mitsui Mining & Smelting Co. has raised its zinc selling price

Zinc weekly stock at Shanghai exchange came up by 2931 tonnes.

SELL ZINC APR @ 106.50 SL 107.50 TGT 105.80-105.05-104.40.MCX