Zinc yesterday we have seen that market has moved 0.27%. Peru's zinc production was 121,424 tons in January, down 2.9% from the year earlier period. Market According to data released last Friday, the number of US non-farm employment in February rose by 192,000, the largest gain since May 2010. But chaos in North America raised crude oil prices again, triggering inflation speculations and depressing risk appetites. In this context, LME zinc prices fell by USD 19/mt last Friday, with prices finally closing at USD 2,461/mt. has opened at 111.35 & made a low of 111.35 versus the day high of 111.7. The total volume for the day was at 708 lots and the open interest was at
5697. Now support for the zinc is seen at 111.4 and below could see a test of 111.2. Resistance is now likely to be seen at 111.8, a move above could see prices testing 111.9.

Trading Ideas:

Zinc trading range is 111.2-111.9.

Peru's zinc production was 121,424 tons in January, down 2.9% from the year earlier period.

Zinc looks to take resistance at 112.80 and support is at 110.40 level.

Zinc weekly stocks at Shanghai exchange came up by 5950 tonnes.