Zinc futures rose during evening trade in the domestic market on Monday as investors and speculators extended their positions in the industrial metal on supply concerns. Zinc on MCX settled down -2.06% at 188.05 as increase in availability dampened recent price moves higher. Reinforcing the idea of a pick-up in Chinese demand was new loans data; banks extended 2.03 trillion yuan ($295.74 billion) in net new yuan loans in January, the second-highest monthly tally on record. 

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Global market for refined zinc metal recorded a deficit of 286 kilo ton during last year, as per the latest figures released by the International Lead and Zinc Study Group.At the MCX, zinc futures for February 2017 contract is trading at Rs 189.90 per kg, up by 0.98 %, after opening at Rs 187, against a previous close of Rs 188.05. It touched the intra-day high of Rs 190.25.