Zinc Prediction for Tomorrow, 17 July 2026: MCX Zinc Rebounds 0.84 Percent to Rs 377.3
- July 16, 2026
- Posted by: Ankit Jaiswal
- Category: News
Zinc prediction for tomorrow 17 July 2026: MCX Zinc July futures closed at Rs 377.30, up 0.84 percent. Support Rs 372. Resistance Rs 380 and Rs 386.
Zinc prediction for tomorrow: MCX Zinc July futures rebounded to close at Rs 377.30 on Thursday, up 0.84 percent, recovering Wednesday’s modest pullback as the metal firmed alongside a broadly stable 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 a metal oscillating within a well-defined range this week, with Thursday’s bounce a routine continuation of the back-and-forth pattern seen since Tuesday’s escalation-driven spike.
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Market Recap Behind the Zinc prediction for tomorrow
Zinc opened at Rs 374.95, touched a high of Rs 377.80 and a low of Rs 374.70 before closing at Rs 377.30, recovering Wednesday’s decline. Far-month October and November contracts told a different story, both falling over 1 percent, a divergence that suggests near-term strength isn’t yet being matched by longer-term positioning.
Zinc prediction for tomorrow: Trend and Key Levels
Trend: Sideways to Bullish Above Rs 372
| Level Type | Value |
|---|---|
| Support 1 | Rs 372 |
| Support 2 | Rs 367 |
| Resistance 1 | Rs 380 |
| Resistance 2 | Rs 386 |
Kunal Singla flags Rs 372 as the near-term support for the zinc prediction for tomorrow, with Rs 380 as the first hurdle. A close above Rs 386 would confirm the metal is breaking out of its recent range, while a break under Rs 367 would extend the choppy, directionless pattern seen this week.
Global Cues for Zinc Tomorrow
Brent crude extended its climb for a fourth straight session after fresh US attacks on Iran overnight, yet domestic equity investors largely looked past the escalating Middle East tensions on Thursday, buoyed by a strong overnight Wall Street close and expectations of a robust Q1 FY27 earnings season. The EIA reported US crude inventories fell 1.7 million barrels for the week ended 5 July, less than the 2.6 million barrel decline expected. Zinc, primarily a China-demand story, continues to show only modest sympathy with the broader Hormuz-linked energy rally, trading mostly on its own supply and demand dynamics.
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 weakness: October and November contracts falling over 1 percent even as the near month gained is worth monitoring for confirmation either way.
- 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 Tomorrow
Zinc’s choppy weekly pattern is worth comparing against copper’s own steadier session.
Copper: MCX Copper closed just 0.19 percent higher on Thursday, a more modest move than zinc’s own rebound.
Crude Oil: MCX Crude Oil rose a further 0.70 percent on Thursday, its fourth straight session of gains, a divergent path from the choppier base metals complex.
Risks to the Zinc prediction for tomorrow
These factors can invalidate this outlook:
- Far-month weakness spreading to the near month: Would suggest the current rebound has limited follow-through.
- Weak China data: Would resurface as the dominant driver and pressure the metal further.
- Dollar strength: A stronger dollar would add further pressure on zinc.
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Conclusion
The zinc prediction for tomorrow, 17 July 2026, is sideways to bullish above Rs 372, after the metal rebounded from Wednesday’s modest pullback in a choppy, range-bound week. Kunal Singla flags Rs 372 as the key support in the zinc prediction for tomorrow, with China property data and far-month contract direction the factors to watch heading into Friday.
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, 17 July 2026?
Ans. The zinc prediction for tomorrow, 17 July 2026, is sideways to bullish. MCX Zinc July futures closed at Rs 377.30 on Thursday, up 0.84 percent, recovering Wednesday’s modest pullback.
Which analyst gave the zinc prediction for tomorrow?
Ans. Kunal Singla, Associate Director at Univest, has shared the zinc prediction for tomorrow, flagging Rs 372 as the key support level.
Why has zinc been choppy this week?
Ans. Zinc has traded in a back-and-forth pattern since Tuesday’s escalation-driven spike, with Thursday’s 0.84 percent rebound a routine continuation of this range-bound behaviour rather than a clear directional trend, the zinc prediction for tomorrow notes.
Are far-month zinc contracts still bullish?
Ans. October and November zinc futures both fell over 1 percent on Thursday even as the near-month contract rose, a divergence the zinc prediction for tomorrow flags as worth monitoring since it suggests longer-term positioning isn’t yet confirming the near-term bounce.
