Zinc continued to underperform Lead and declined by0.75% closing at $2258 MT. Fundamentally; no fresh cues are available for the metal and may largely follow the market sentiment. On the other hand Lead, too declined however the level of decline for lead for restricted to 0.09% closing at $2057 MT. As per the latest quote, Zinc and Lead are seen trading around $2258 MT and $2055 MT. We recommend a spread between Zinc and Lead wherein we buy Lead from lower levels and sell Zinc from higher levels for the day.
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ZOID RESEARCH 28-NOV-2014 :ZINC

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