Zinc on MCX settled up 1.32% at 126.5 as support seen after data showed inventories in warehouses registered with the LME continued to erode, falling to 390,375 tonnes. The figure is the lowest since July 2009, about two-thirds below the record peak in 2013, although some stock is thought to have been shifted to cheaper storage outside LME warehouses. 

Lead at $1,713 was up $2 after a marginal stock increase of 25 tonnes to 176,075 tonnes. TCs of domestic zinc concentrate (50%) held stable at 5,100-5,300 yuan per tonne (zinc content) this past week, and those for imported zinc concentrate (50%) were $110-130 per dry metric tonne.Contact this no:- 9827808090

 Technically market is under fresh buying as market has witnessed gain in open interest by 24.53% to settled at 5448, now Zinc is getting support at 125.2 and below same could see a test of 123.9 level, And resistance is now likely to be seen at 127.2, a move above could see prices testing 127.9. 

Zinc stocks and cancelled warrants both down 1,125 tonnes at 390,375 tonnes and 25,375 tonnes respectively.