Zinc Prediction for Monday, 13 July 2026: MCX Zinc Eases to Rs 373.5 as Near-Month Contract Lags
- July 10, 2026
- Posted by: Kunal Singla
- Category: News
Zinc prediction for Monday 13 July 2026: MCX Zinc July futures closed at Rs 373.50, down 0.64 percent. Support Rs 368. Resistance Rs 378 and Rs 385.
Zinc prediction for monday: MCX Zinc July futures closed lower at Rs 373.50 per kg on Friday, down 0.64 percent, lagging the broader industrial metals pack even as Nifty Metal equities rallied 1.48 percent. This zinc prediction for monday 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, observes that the zinc prediction for Monday shows a curious divergence: while the near-month July and August contracts eased, the October contract jumped 1.44 percent, suggesting the market expects tighter supply later in the year even as near-term demand stays soft.
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Market Recap Behind the Zinc prediction for monday
Zinc opened at Rs 376.25, touched a low of Rs 373 and closed at Rs 373.50, extending a mild downtrend from Thursday. The zinc prediction for Monday notes that this softness came even as PSU banks and realty led Friday’s broader equity rally, suggesting zinc-specific supply and demand factors, rather than general risk sentiment, are driving the move.
Zinc prediction for monday: Trend and Key Levels
Trend: Sideways to Bearish Below Rs 378
| Level Type | Value |
|---|---|
| Support 1 | Rs 368 |
| Support 2 | Rs 362 |
| Resistance 1 | Rs 378 |
| Resistance 2 | Rs 385 |
Kunal Singla flags Rs 368 as the near-term support, with Rs 378 as the first hurdle. A close above Rs 385 would align the near-month contract with the stronger far-month contracts, while a break under Rs 362 would extend the current soft patch.
Global Cues for Zinc on Monday
Reports that Iran reached out to Washington for talks lifted global sentiment on Friday, Asian markets surged with the Kospi up 4.47 percent, and Wall Street rose on a chip-stock rally. Brent crude eased to near 76 dollars a barrel but is still headed for a weekly gain near 6 percent. Since zinc is heavily tied to construction and galvanised steel demand, any positive follow-through in China’s property sector data would be the clearest bullish trigger.
Key Triggers in the Zinc prediction for monday
These triggers dominate the outlook heading into Monday, 13 July 2026:
- China property data: Zinc demand is closely tied to galvanised steel used in construction; any positive China data would support prices.
- Far-month contract strength: October zinc futures rose 1.44 percent even as the near month fell, a divergence worth monitoring for the zinc prediction for Monday.
- Dollar index moves: Like other industrial metals, zinc is dollar-priced and sensitive to currency swings.
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Related Metals to Watch Alongside the Zinc Prediction for Monday
Zinc’s relative underperformance versus copper and equity metal stocks is worth tracking.
Copper: MCX Copper closed 0.12 percent higher on Friday, outperforming zinc’s decline.
Nifty Metal stocks: Metal equities rallied 1.48 percent, a stronger move than the physical zinc market.
Risks to the Zinc prediction for monday
These factors can invalidate this outlook:
- Weak China data: Soft construction activity readings would extend the bearish bias in the zinc prediction for Monday.
- Dollar strength: A stronger dollar over the weekend would pressure zinc alongside other metals.
- Global risk-off: A reversal in current de-escalation hopes could trigger broad commodity selling.
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Conclusion
The zinc prediction for Monday, 13 July 2026, is sideways to bearish below Rs 378, with MCX Zinc expected to trade in a Rs 368 to Rs 385 range. Kunal Singla flags Rs 368 as the key support in the zinc prediction for Monday, with China property data and dollar index moves the biggest triggers heading into the new week.
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 monday
What is the zinc prediction for Monday, 13 July 2026?
Ans. The zinc prediction for Monday, 13 July 2026, is sideways to bearish. MCX Zinc July futures closed at Rs 373.50 per kg on Friday, down 0.64 percent. The contract is expected to trade in a Rs 368 to Rs 385 range with support at Rs 368 and resistance at Rs 378.
Which analyst gave the zinc prediction for Monday?
Ans. Kunal Singla, Associate Director at Univest, has shared the zinc prediction for Monday, flagging Rs 368 as the key support for the new trading week.
Why did far-month zinc contracts rise while the near-month contract fell?
Ans. MCX Zinc’s October contract rose 1.44 percent even as the near-month July contract fell 0.64 percent on Friday, a divergence the zinc prediction for Monday flags as a sign the market expects tighter supply later in the year despite soft near-term demand.
How does China affect zinc prices?
Ans. Zinc demand is closely tied to galvanised steel used in Chinese construction, so this outlook depends heavily on China property and manufacturing data released over the weekend.
