Mitsui Mining & Smelting Co. said it lowered its zinc selling price by Y5,000 to Y220,000 a metric ton.  This will bring the average zinc selling price for August to Y222,000. Zinc yesterday we have seen that market has moved -2.43%. Market has opened at 94.75 & made a low of 92.25 versus the day high of 94.95. The total volume for the day was at 20646 lots and the open interest was at 6661.Now support for the zinc is seen at 91.5 and below could see a test of 90.5. Resistance is now likely to be seen at 94.2, a move above could see prices testing 95.9.

Trading Ideas:

Zinc trading range is 90.5-95.9.

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

Resistance for zinc is seen at 93.60 and support is at 92.50.

Zinc daily stock at Shanghai exchange came down by -75 tonnes.