China’s zinc output rose 9.8 percent on the month hitting all-time record at 444,800 tonnes in November due to sufficient supply of concentrates. Zinc yesterday we have seen that market has moved 0.14%. Market has opened at 106.8 & made a low of 106.8 versus the day high of 107.05.

The total volume for the day was at 177 lots and the open interest was at 2408. Now support for the zinc is seen at 106.85 and below could see a test of 106.7. Resistance is now likely to be seen at 107.1, a move above could see prices testing 107.2.

Trading Ideas:

ZINC TRADING RANGE IS 103-110.

CHINA’S ZINC OUTPUT ROSE 9.8% ON THE MONTH HITTING ALL-TIME RECORD

SELL ZINC @107-107.50 SL 108.30 TGT 106.30-105.70-104.90.MCX

SUPPORT FOR ZINC IS AT 105.40 AND RESIST IS AT 108.20 LEVEL.

ZINC WEEKLY STOCK AT SHANGHAI EXCHANGE CAME UP BY 1225 TONNES