Zinc Prediction for Tomorrow, 16 July 2026: MCX Zinc Eases to Rs 375 as Tuesday’s Rally Pauses
- July 15, 2026
- Posted by: Kashish Aggarwal
- Category: News
Zinc prediction for tomorrow 16 July 2026: MCX Zinc July futures closed at Rs 375.00, down 0.48 percent. Support Rs 370. Resistance Rs 379 and Rs 385.
Zinc prediction for tomorrow: MCX Zinc July futures eased to close at Rs 375.00 on Wednesday, down 0.48 percent, giving back a modest part of Tuesday’s escalation-driven rally as the metal consolidated alongside a broadly quieter base metals session. 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 healthy profit booking rather than a trend reversal, since the pullback is modest relative to Tuesday’s gain and comes as the broader commodity complex takes a breather ahead of the next major catalyst.
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Market Recap Behind the Zinc prediction for tomorrow
Zinc opened at Rs 378.50, touched a high of Rs 379.55 and a low of Rs 374.75 before closing at Rs 375, giving back roughly half of Tuesday’s advance. Far-month contracts told a more mixed story, with November zinc actually gaining over 1 percent, suggesting some traders are positioning for continued strength further out the curve even as the near month consolidates.
Zinc prediction for tomorrow: Trend and Key Levels
Trend: Sideways to Bearish Below Rs 379
| Level Type | Value |
|---|---|
| Support 1 | Rs 370 |
| Support 2 | Rs 365 |
| Resistance 1 | Rs 379 |
| Resistance 2 | Rs 385 |
Kunal Singla flags Rs 370 as the near-term support for the zinc prediction for tomorrow, with Rs 379 as the first hurdle. A close above Rs 385 would confirm the metal is resuming its Tuesday rally, while a break under Rs 365 would suggest a deeper pullback is underway.
Global Cues for Zinc on Thursday
Iran shut the Strait of Hormuz again on Wednesday morning after the US announced fresh sanctions on Iranian ports, and Iran’s Revolutionary Guard launched missiles at two more oil tankers in the strait. Brent crude closed at its highest level since 12 June for a second straight session, even as softer-than-expected US inflation data and a firm Wall Street close helped Indian equities open sharply higher before the rally moderated through the day. Zinc’s modest Wednesday pullback, even as crude oil extended its own gains, suggests the base metals complex is digesting Tuesday’s sharp move rather than reacting further to each fresh Hormuz headline.
Key Triggers in the Zinc prediction for tomorrow
These triggers dominate the outlook heading into Monday, 13 July 2026:
- China property data: Zinc demand remains closely tied to galvanised steel used in construction.
- Far-month contract strength: November zinc futures gained over 1 percent even as the near month eased, a divergence worth monitoring.
- Renewed Hormuz escalation: Any fresh incident could quickly reignite the base metals rally.
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Related Metals to Watch Alongside the Zinc Prediction for Tomorrow
Zinc’s modest pullback is worth comparing against copper’s steadier session.
Copper: MCX Copper stayed nearly flat on Wednesday, holding up better than zinc’s modest decline.
Crude Oil: MCX Crude Oil rose a further 1.91 percent on Wednesday, a divergence from the softer base metals tone.
Risks to the Zinc prediction for tomorrow
These factors can invalidate this outlook:
- Extended profit booking: A deeper pullback beyond Rs 370 would suggest Tuesday’s rally has fully faded.
- Weak China data: Would resurface as the dominant driver once the immediate geopolitical premium settles.
- Dollar strength: A stronger dollar would add further pressure on zinc.
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Conclusion
The zinc prediction for tomorrow, 16 July 2026, is sideways to bearish below Rs 379, after the metal gave back part of Tuesday’s escalation-driven rally on Wednesday. Kunal Singla flags Rs 370 as the key support in the zinc prediction for tomorrow, with China property data and any further Hormuz developments the factors to watch heading into Thursday.
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, 16 July 2026?
Ans. The zinc prediction for tomorrow, 16 July 2026, is sideways to bearish. MCX Zinc July futures closed at Rs 375.00 on Wednesday, down 0.48 percent, giving back part of Tuesday’s escalation-driven rally.
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.
Why did zinc pull back on Wednesday?
Ans. Zinc fell 0.48 percent on Wednesday, giving back roughly half of Tuesday’s gain, in what the zinc prediction for tomorrow reads as healthy profit booking rather than a trend reversal, since the broader base metals complex also took a breather that session.
Are far-month zinc contracts still bullish?
Ans. November zinc futures actually gained over 1 percent on Wednesday even as the near-month contract eased, a divergence the zinc prediction for tomorrow flags as a sign some traders remain positioned for continued strength further out the curve.
