Zinc on MCX settled down -1.43% at 166 felling to a new three-month trough as the market focus is on receding supply worries. LME zinc ended down 1.8 percent at $2,570, having hit its lowest since early January at $2,558. Diversified miner Vedanta Resources said refined zinc production at its India unit rose nearly 40 percent in the fourth quarter. Zinc continues to see plenty of sellers lined up on every rally amid increasingly aggressive CTA selling and ongoing long liquidation.

Trading Ideas:

*Zinc trading range for the day is 162.8-170.

* Zinc fell to a new three-month trough as the market focus is on receding supply worries.

*Diversified miner Vedanta Resources said refined zinc production at its India unit rose nearly 40 percent in the fourth quarter.

*Zinc continues to see plenty of sellers lined up on every rally amid increasingly aggressive CTA selling and ongoing long liquidation.

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