On MCX settled down -2.52% at 175.65 as trader cut there long position as sentiments were in cautious mode before a potentially tense meeting between US President Donald Trump and his Chinese counterpart Xi Jinping. While support will be seen as Australian miner South32 Ltd on Thursday said its Cannington silver and lead mine in the country's northeast had been hit by a fire, forcing it to cut output forecasts. 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 171.1-183.5. 

* Zinc prices dropped on profit booking ahead of a meeting between the leaders of China and the United States. 

* Australian miner South32 Ltd cut's LEAD and ZINC's output forecasts on Thursday after a fire at its Cannington silver and lead mine. 

* South Korea is seeking 1,000 tonnes of zinc for June arrival.

Get Commodity Market Trading Tips for click here http://www.ripplesadvisory.com/services.php.