Zinc Prediction for Tomorrow, 21 July 2026: MCX Zinc Adds 0.62 Percent to Rs 375.45
- July 20, 2026
- Posted by: Neeraj Pandey
- Category: News
Zinc prediction for tomorrow 21 July 2026: MCX Zinc July futures closed at Rs 375.45, up 0.62 percent. Support Rs 370. Resistance Rs 378 and Rs 385.
Zinc prediction for tomorrow: MCX Zinc July futures closed higher at Rs 375.45 on Monday, up 0.62 percent, rebounding from Friday’s decline as base metals broadly firmed up even amid a genuinely eventful session dominated by crude oil’s spike and the sharp private banking selloff. This zinc prediction for tomorrow is built on Friday, 10 July 2026’s closing data, the last completed session before markets reopen on Monday, 13 July 2026.
Kunal Singla, Associate Director at Univest, notes that the zinc prediction for tomorrow reflects a metal that continues trading on its own China-demand terms, with Monday’s rebound coming independent of the day’s much larger headlines around crude oil and Indian banking earnings.
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Market Recap Behind the Zinc prediction for tomorrow
Zinc opened at Rs 374.60, touched a high of Rs 375.90 and a low of Rs 372.85 before closing at Rs 375.45, recovering Friday’s loss. Far-month October and November contracts told a more mixed story, both easing slightly, a reminder that near-term sentiment hasn’t yet fully carried into longer-dated positioning.
Zinc prediction for tomorrow: Trend and Key Levels
Trend: Sideways to Bullish Above Rs 370
| Level Type | Value |
|---|---|
| Support 1 | Rs 370 |
| Support 2 | Rs 365 |
| Resistance 1 | Rs 378 |
| Resistance 2 | Rs 385 |
Kunal Singla flags Rs 370 as the near-term support for the zinc prediction for tomorrow, with Rs 378 as the first hurdle. A close above Rs 385 would confirm the metal is breaking out of its recent range, while a break under Rs 365 would suggest Monday’s bounce lacks follow-through.
Global Cues for Zinc on Tuesday
Brent crude topped 90 dollars a barrel for the first time this cycle on Monday, the ninth straight day of US airstrikes on Iran, before easing off those highs after Iran signalled it had received a mediation proposal. Domestically, Q1 FY27 earnings dominated the session: HDFC Bank and Axis Bank both fell around 5 percent on sequential margin compression, while ICICI Bank and Reliance Industries beat estimates and PSU banks surged on strong results. The rupee weakened to around 96.40 per dollar. Zinc’s steady Monday gain, even amid crude oil’s dramatic intraday swing above 90 dollars a barrel and back, reinforces that the metal is currently trading on its own supply and demand dynamics rather than the day’s dominant geopolitical or earnings-driven headlines.
Key Triggers in the Zinc prediction for tomorrow
These triggers dominate the outlook heading into Monday, 13 July 2026:
- China property and construction data: Zinc demand remains closely tied to galvanised steel used in construction.
- Far-month contract direction: October and November zinc easing slightly even as the near month gained is worth monitoring for confirmation either way.
- Dollar index moves: Like other industrial metals, zinc remains sensitive to currency swings.
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Related Metals to Watch Alongside the Zinc Prediction for Tomorrow
Zinc’s Monday rebound is worth comparing against copper’s own similar move.
Copper: MCX Copper also rose 0.67 percent Monday, a similar firming tone across base metals.
Crude Oil: Spiked above Rs 8,150 intraday before easing to close 0.47 percent lower, a sharply different, more volatile pattern than zinc’s own steady gain.
Risks to the Zinc prediction for tomorrow
These factors can invalidate this outlook:
- Weak China data: Would remain the primary downside risk for zinc independent of the day’s other headlines.
- Dollar strength: Would add further pressure on zinc.
- A fresh Iran-US escalation: Could still pull zinc higher in sympathy with crude if tensions worsen further.
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Conclusion
The zinc prediction for tomorrow, 21 July 2026, is sideways to bullish above Rs 370, after the metal rebounded from Friday’s decline even amid crude oil’s dramatic Monday swing. Kunal Singla flags Rs 370 as the key support in the zinc prediction for tomorrow, with China property data the dominant driver heading into Tuesday.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on the Zinc prediction for tomorrow
What is the zinc prediction for tomorrow, 21 July 2026?
Ans. The zinc prediction for tomorrow, 21 July 2026, is sideways to bullish. MCX Zinc July futures closed at Rs 375.45 on Monday, up 0.62 percent, rebounding from Friday’s decline.
Which analyst gave the zinc prediction for tomorrow?
Ans. Kunal Singla, Associate Director at Univest, has shared the zinc prediction for tomorrow, flagging Rs 370 as the key support level.
Did zinc react to crude oil’s dramatic swing above 90 dollars a barrel on Monday?
Ans. No, zinc rose steadily 0.62 percent on Monday even as crude oil spiked above 90 dollars a barrel intraday before easing, confirming the zinc prediction for tomorrow’s view that the metal continues trading on its own China-demand fundamentals.
How does China affect the zinc prediction for tomorrow?
Ans. China property and construction demand remains the primary medium-term driver for zinc, with the zinc prediction for tomorrow noting this as the most relevant factor independent of Monday’s dominant crude oil and banking-sector headlines.
