Zinc on MCX settled down -2.11% at 171.95 as supply tightness eased recently after restarts at mines driven by high zinc prices The discount of LME cash zinc to the three-month contract shrank to $23.80 a tonne from $27.75 earlier in the week, but stayed around its largest since November 2015. Supply-side developments may also be at play, with Votorantim saying Cajamarquilla in Peru would resume operations at 50% of capacity after a period of suspension due to floods. Refined zinc supply remains resilient, especially in China where refined production rose by 4.4% year-on-year in the first two months of 2017.

Trading Ideas: 

* Zinc trading range for the day is 167.3-178.5. 

*Zinc dropped as supply tightness eased recently after restarts at mines driven by high zinc prices 

* The discount of LME cash zinc to the three-month contract shrank to $23.80 a tonne from $27.75 earlier in the week. 

* Votorantim saying Cajamarquilla in Peru would resume operations at 50% of capacity after a period of suspension due to floods.

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