Zinc Price Prediction for Tomorrow: MCX Levels and Outlook for 18 August 2026

MCX Zinc (31 Aug) at Rs 400.85/kg (+0.31%) on 17 Aug 2026. High: Rs 403. Low: Rs 400.20. Support: Rs 398. Resistance: Rs 403. VIX: 11.36.

The zinc price prediction for tomorrow has MCX Zinc consolidating in a tight band after Monday’s modest 0.31% gain. The 31 August futures contract settled at Rs 400.85 per kg, with the session high at Rs 403 and low at Rs 400.20. Ankit Jaiswal, Research Analyst at Univest, observes that the narrow trading range reflects balanced supply and demand conditions, making the zinc price prediction for tomorrow a function of any fresh macro trigger.

Kunal Singla, Research Analyst at Univest, notes that the zinc price prediction for tomorrow is anchored by the Rs 400 psychological level, which MCX Zinc has now held for multiple sessions. Hindustan Zinc gaining 1.00% to Rs 567.50 on Monday provides equity-side confirmation for the zinc price prediction for tomorrow. The September and October far-month zinc contracts trading at Rs 393 to Rs 388 suggest the market is in mild contango, which is consistent with a stable zinc price prediction for tomorrow.

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Today’s Market Recap: Zinc on 17 August 2026

• MCX Zinc (31 Aug): Settled at Rs 400.85/kg, up Rs 1.25 (+0.31%). Session high Rs 403, low Rs 400.20.
• MCX Zinc (Sep): Closed at Rs 392.95, showing the normal contango structure and supporting a stable zinc price prediction for tomorrow.
• Hindustan Zinc (equity): Gained 1.00% to Rs 567.50, validating the constructive zinc price prediction for tomorrow.

Technical Analysis for Zinc Prediction for Tomorrow

Ankit Jaiswal’s zinc price prediction for tomorrow identifies Rs 398 as the first support level. This is just below the Rs 400 psychological floor and aligns with recent consolidation at these levels. A sustained hold above Rs 398 in the zinc price prediction for tomorrow suggests that the 400-handle is being defended. A break below Rs 398 could extend the zinc price prediction for tomorrow decline toward Rs 393 to Rs 394, the September contract level.

On the upside, the zinc price prediction for tomorrow places resistance at Rs 403, which was Monday’s intraday high. Kunal Singla notes that a decisive break above Rs 403 in the zinc price prediction for tomorrow would be constructive, targeting Rs 406 to Rs 408. The zinc price prediction for tomorrow is supported by a balanced RSI near 50, suggesting neither overbought nor oversold conditions.

Trend for 18 August 2026: Sideways
Support: Rs 398 | Rs 393
Resistance: Rs 403 | Rs 406

Global Cues Affecting Zinc Prediction for Tomorrow

• US Markets (14 Aug close): Dow Jones at 53,732 (-0.20%), S&P 500 at 7,785 (-0.20%), Nasdaq at 26,729 (-0.30%). Weak retail sales data (-0.6% in July) and subdued University of Michigan consumer sentiment (51, below forecast 55) signal caution.
• Asian Markets: Japan’s Nikkei 225 gained 2.1% to 66,970 on Monday, providing a partially positive cue for Asian risk assets.
• Institutional Flows (14 Aug): FII were net buyers of Rs 508 Cr and DII were net buyers of Rs 356 Cr in the cash segment, reflecting continued institutional support for Indian equities.

Key Events for 18 August 2026

• MCX commodity options expiry for August contracts on 24 August 2026 approaches, increasing near-expiry volatility
• Global oil prices remain in focus amid ongoing Iran-Strait of Hormuz developments
• US Federal Reserve speakers scheduled this week may provide fresh clues on monetary policy direction
• Q1 FY27 corporate results season continues, with several mid and large-cap companies reporting on 18 August 2026

Related Instruments to Watch Tomorrow

Name	CMP (Rs)	Day Change	Key Level for Tomorrow
Hindustan Zinc	567.50	+1.00%	Support: 560 | Resistance: 576
Hindalco	~680	+0.80%	Support: 670 | Resistance: 695
JSW Steel	~950	+1.00%	Support: 940 | Resistance: 965

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Strategy for Zinc on 18 August 2026

• Hold MCX Zinc long positions above Rs 398 with a stop below Rs 395 for the zinc price prediction for tomorrow
• A breakout above Rs 403 with volume in the zinc price prediction for tomorrow can target Rs 406 to Rs 408
• Monitor Hindustan Zinc equity; a move above Rs 576 validates the bullish zinc price prediction for tomorrow
• Avoid large positional bets given the narrow Rs 400 to Rs 403 range indicated in the zinc price prediction for tomorrow

What Does Sentiment Indicate for Zinc Prediction for Tomorrow?

Sentiment for the zinc price prediction for tomorrow is neutral to slightly positive. Zinc has been consolidating near the Rs 400 per kg level for several sessions, reflecting a balanced supply-demand environment. Ankit Jaiswal notes that the the Zinc outlook for 18 August is tethered to China’s construction and infrastructure spending, which has been gradually recovering in recent months.

Kunal Singla observes that the tomorrow’s MCX Zinc forecast is also influenced by global galvanising demand, which tracks the auto and construction sectors. With Nifty Auto slightly negative (-0.10%) and global auto demand mixed, the Tuesday’s Zinc price outlook reflects a cautious but not bearish environment. The Rs 398 to Rs 403 range likely holds for the the MCX Zinc forecast unless a significant macro trigger emerges overnight.

Risks to Tomorrow’s Prediction

• A sharp slowdown in Chinese construction data could break MCX Zinc below Rs 398 and alter the the 18 August Zinc outlook
• US dollar strengthening overnight would compress dollar-denominated zinc prices in the Zinc’s price outlook for tomorrow in INR terms
• Weak Indian auto sector demand, if confirmed by official data, could dampen galvanising demand and impact the the Zinc outlook for 18 August
• MCX near-month expiry cycles may cause technical volatility that diverges from the fundamental tomorrow’s MCX Zinc forecast

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Conclusion

The Tuesday’s Zinc price outlook, 18 August 2026, is sideways as MCX Zinc closed at Rs 400.85 per kg with a modest 0.31% gain on Monday. Ankit Jaiswal’s the MCX Zinc forecast places support at Rs 398 and resistance at Rs 403. Kunal Singla notes that the the 18 August Zinc outlook needs a decisive move above Rs 403 to turn convincingly bullish.

Traders should use tight ranges and defined stop-losses based on the Zinc’s price outlook for tomorrow and watch Hindustan Zinc equity as a leading indicator. Download the Univest app for live MCX zinc prices and expert research on the the Zinc outlook for 18 August as 18 August 2026 unfolds.

Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.

Frequently Asked Questions

What is the tomorrow’s MCX Zinc forecast, 18 August 2026?

Ans. The Tuesday’s Zinc price outlook is sideways. MCX Zinc settled at Rs 400.85/kg on 17 August (+0.31%). Support is at Rs 398 and resistance at Rs 403. Ankit Jaiswal notes the the MCX Zinc forecast stays rangebound at Rs 398 to Rs 403 unless a fresh macro trigger emerges.

What are the MCX zinc support and resistance levels for 18 August 2026?

Ans. The the 18 August Zinc outlook places support at Rs 398, with strong support at Rs 393. Resistance is at Rs 403 (Monday’s high) and Rs 406. These levels define the Zinc’s price outlook for tomorrow trading range.

How does Hindustan Zinc affect the the Zinc outlook for 18 August?

Ans. Hindustan Zinc is India’s primary zinc producer and its equity price is a leading indicator for the tomorrow’s MCX Zinc forecast. The stock gained 1.00% on 17 August, supporting the constructive Tuesday’s Zinc price outlook. A breakout above Rs 576 in Hindustan Zinc would strongly validate the bullish the MCX Zinc forecast.

What drives the the 18 August Zinc outlook globally?

Ans. The Zinc’s price outlook for tomorrow is primarily driven by China’s construction sector (galvanising steel for buildings), global auto production, and LME zinc inventory levels. Any improvement in Chinese PMI data overnight would directly support the the Zinc outlook for 18 August.

What is the trading strategy for the tomorrow’s MCX Zinc forecast?

Ans. For the Tuesday’s Zinc price outlook, Ankit Jaiswal recommends holding longs above Rs 398 with a stop below Rs 395. A break above Rs 403 can target Rs 406. Kunal Singla advises monitoring Hindustan Zinc equity as a confirming indicator for the the MCX Zinc forecast and to keep position sizes modest in this low-volatility range.