The price of zinc Today increased by 0.38% to settle at 239.05, according to the International Lead & Zinc Study Group (ILZSG).

According to data, the social inventories of zinc ingot across 7 important Chinese marketplaces were 118,000 mt to as of May 5, down 18,500 mt from the previous Monday

The downstream businesses in Guangdong were busy stockpiling up before the Labour Day break, when zinc prices dropped.

Technically, the markets is under short covering because open interest has decreased by 3.8 percent to settle at 3370 while price have increased by 3.05 rupees

Currently, Zinc is receiving support at 235.9, and a move below that level could result in a test of 233.0 levels. Resistance is now anticipate to be see at 240.20, and