Zinc on MCX settled up 0.49% at 213.75 as prices recovered on short covering after prices dropped as investors fretted about rising supplies from top producer China. Further upside also seen limited from trade tensions between the United States and China.
Trading Ideas:
* Zinc trading range for the day is 211.4-215.6.
* Zinc recovered on short covering after prices dropped as investors fretted about rising supplies from top producer China.
* Further upside also seen limited from trade tensions between the United States and China.
* China's zinc production to climb around 5% in May from April to above 560,000 tonnes.
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