Zinc on MCX settled down -0.28% at 125.75 tracking weakness from LME Zinc which fell 0.5 percent to $1,888 on a stronger dollar and as weak manufacturing data, particularly from top consumer China, highlighted poor demand prospects. 

Base metals markets are waiting to see if industrial production, investment, loans and property market data for April confirms the pick up seen in March. While the Caixin/Markit survey of purchasing managers in China's manufacturing sector fell to 49.4 last month from 49.7 in March, the 14th consecutive month of shrinkage. 

The base metals are consolidating, prices have a downward bias for now and given the gains of late, and that some metals have run into former resistance, we would not be surprised to see some profit taking.Contact this no:- 9827808090

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Zinc trading range for the day is 124-127.4.

Zinc dropped on global growth worries and amid a Chinese clampdown on commodity futures trading.    
           
The Caixin/Markit services PMI for April dropped to 51.8 from 52.2 in March, as new business increased at the fastest pace since January