Mitsui Mining & Smelting Co. said it raised its zinc selling price by Y10,000 to Y250,000 a metric ton. This will bring the average zinc selling price for November to Y248,000. Zinc yesterday we have seen that market has moved
-0.81%. Market has opened at 111.15 & made a low of 108.95 versus the day high of 111.2. The total volume for the day was at 25349 lots and the open interest was at 4962. Now support for the zinc is seen at 109.1 and below could see a test of 107.9. Resistance is now likely to be seen at 111.4, a move above could see prices testing 112.4.

Trading Ideas:

Zinc trading range is 107.9-112.4.

Mitsui Mining & Smelting raises zinc price to Y250,000/ton

Zinc looks to take support at 109.10 and resistance at 111.40.

Zinc daily stocks at Shanghai exchange came up by 6538 tonnes.