Zinc trading range for the day is 168.5-177.5. Zinc settled up reversing the previous day's losses after speculators signaled an end to widespread profit taking spurred by recent meteoric run-ups. China’s zinc smelters are accepting record low fees to produce metal amid a shortage of ore, while winter mine closures are likely to force plants to cut output. Technically market is under short covering as market has witnessed drop in open interest by -1.86% to settle at 4540.
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