Zinc Prediction for Monday, 20 July 2026: MCX Zinc Falls 1.14 Percent to Rs 373 Despite Broad Market Rally

Zinc prediction for monday: MCX Zinc July futures fell to close at Rs 373.00 on Friday, down 1.14 percent, its sharpest single-day decline in over a week, extending Thursday's own weakness even as Indian equities rallied strongly the same session. 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, notes that the zinc prediction for Monday reflects a genuine two-session pullback that has now decoupled from the broader risk-on mood in equities, suggesting China-demand-specific concerns are currently dominating the metal's price action.

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Market Recap Behind the Zinc prediction for monday

Zinc opened at Rs 376.35, touched a low of Rs 372.50 and closed at Rs 373, extending Thursday's own decline for a second straight session. Far-month October and November contracts told a different story, both rising over 1 percent, a divergence suggesting the near-term weakness may not reflect longer-term positioning.

Zinc prediction for monday: Trend and Key Levels

Trend: 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 for the zinc prediction for Monday, with Rs 378 as the first hurdle. A close above Rs 385 would suggest the metal is stabilising, while a break under Rs 362 would extend the current two-session slide.

Global Cues for Zinc on Monday

Indian equities rallied sharply on Friday, led by IT and banking stocks and gains in Reliance Industries ahead of its Q1 FY27 results, even as crude oil extended its climb for a fifth straight session amid the unresolved Strait of Hormuz crisis. With markets shut over the weekend, this outlook for Monday, 20 July 2026, is built entirely on Friday's closing data. Zinc's continued weakness even amid a strong equity rally suggests China property and construction demand concerns are currently the dominant driver rather than broader risk sentiment.

Key Triggers in the Zinc prediction for monday

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: October and November zinc futures both rose over 1 percent even as the near month fell, a divergence worth monitoring.
• Dollar index moves: Like other industrial metals, zinc remains dollar-priced and sensitive to currency swings.

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Related Metals to Watch Alongside the Zinc Prediction for Monday

Zinc's continued weakness is worth comparing against copper's own similar two-session decline.

Copper: MCX Copper also fell 1.01 percent on Friday, a similar soft tone across the base metals complex.

Crude Oil: MCX Crude Oil rose 1.67 percent on Friday, its fifth straight session of gains, a clear divergence from zinc's own weakness.

Risks to the Zinc prediction for monday

These factors can invalidate this outlook:

• Weak China data: Would extend the bearish bias in the zinc prediction for Monday.
• Dollar strength: A stronger dollar over the weekend would add further pressure.
• Weekend geopolitical developments: Any fresh Hormuz escalation could still pull zinc higher alongside the broader commodity complex.

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Conclusion

The zinc prediction for Monday, 20 July 2026, is bearish below Rs 378, after the metal fell for a second straight session despite Friday's strong broader equity rally. Kunal Singla flags Rs 368 as the key support in the zinc prediction for Monday, with China property data the dominant trigger heading into the new trading week.

FAQs on the Zinc prediction for monday

What is the zinc prediction for Monday, 20 July 2026?

Ans. The zinc prediction for Monday, 20 July 2026, is bearish below Rs 378. MCX Zinc July futures closed at Rs 373.00 on Friday, down 1.14 percent, its sharpest decline in over a week.

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 level for the new trading week.

Why did zinc fall while equities rallied strongly on Friday?

Ans. Zinc fell 1.14 percent on Friday even as Sensex jumped 1.25 percent, suggesting China property and construction demand concerns are currently the dominant driver for the metal rather than broader Indian equity market sentiment.

Are far-month zinc contracts still bullish?

Ans. October and November zinc futures both rose over 1 percent on Friday even as the near-month contract fell, a divergence the zinc prediction for Monday flags as a sign the near-term weakness may not reflect longer-term positioning.