Zinc Price Prediction for Tomorrow, Tuesday 4 August 2026: MCX Zinc at Rs 378/kg Near 4-Year High as China Smelter Cuts and Dollar Weakness Converge

The zinc price prediction for tomorrow for Tuesday 4 August 2026 is shaped by a historic macro event on Monday: US President Trump confirmed Iran-US peace negotiations, sending Brent crude crashing over 6 percent to $82 and lifting Nifty 50 by 228 points or 0.94 percent to 24,611.50, its first close above 24,600 in six weeks. COMEX Zinc hit $3,674.50 per tonne on Monday, its highest level since August 2022, driven by simultaneous Chinese mine and smelter production cuts. A zinc mine in Southwest China reduced concentrate output by 1,000 tonnes in August, while scheduled smelter maintenance in Central China could cut a further 1,000-1,500 tonnes. Glencore reported a 21 percent year-on-year decline in own-sourced zinc production in H1 2026, and Boliden's zinc concentrate fell 16.8 percent quarter-on-quarter. Dollar weakness from Iran peace talks amplified the supply-driven rally in the zinc price prediction for tomorrow. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the full zinc price prediction for tomorrow covering technical levels, key triggers and three stocks to watch.

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Monday Session Data Behind the Zinc Price Prediction For Tomorrow

Indicator	Monday	Change
Primary Level	Rs 378 per kg	+Rs 3 (+0.8%)
Day Range	Rs 372 to Rs 382	Session high/low
Nifty 50	24,611.50	+228 pts (+0.94%)
Bank Nifty	57,507.80	+531 pts (+0.93%)
India VIX	11.55	-4.9% (multi-month low)
FII Cash (provisional)	+Rs 918 Cr	Net Buyers

Technical Levels for the Zinc Price Prediction For Tomorrow

Level	Zone
Immediate Support	Rs 367-372
Support 2	Rs 358-362
Strong Support	Rs 348-352 (50 DMA)
Immediate Resistance	Rs 385-390
Key Resistance	Rs 395-400

Ankit Jaiswal notes that the zinc price prediction for tomorrow rests on the immediate support at Rs 367-372 holding during Tuesday's session. Monday's close near the session high for most assets confirms buyers were in control into the 3:30 PM bell, a strong quality signal for the zinc price prediction for tomorrow. Kunal Singla adds that India VIX at 11.55, its lowest in several months, reduces the probability of a large gap-down reversal, providing a constructive technical environment for the zinc price prediction for tomorrow.

Key Factors for the Zinc Price Prediction For Tomorrow

• COMEX Zinc at $3,674.50 per tonne is at a 4-year high driven by Chinese smelter maintenance and mine production cuts creating a structural supply deficit in the zinc price prediction for tomorrow.
• Glencore reported a 21 percent year-on-year decline in zinc production in H1 2026 while maintaining full-year guidance. Any guidance cut would be a major upside catalyst in the zinc price prediction for tomorrow.
• Dollar weakness from Iran peace talks added a forex tailwind to zinc's supply-driven rally, making the zinc price prediction for tomorrow's upside case both fundamental and technical.

Stocks to Watch in the Zinc Price Prediction For Tomorrow

Univest analysts have flagged three stocks for educational observation in the zinc price prediction for tomorrow. These are not buy recommendations.

1. Hindustan Zinc: Trading near Rs 522 on Monday. Ankit Jaiswal flags entry zone Rs 515-521, target Rs 548, stop loss Rs 505. Hindustan Zinc is India's only integrated zinc smelter and the world's second largest zinc producer. COMEX Zinc at 4-year highs directly lifts its earnings per tonne in the zinc price prediction for tomorrow.

2. Hindalco: Trading near Rs 745 on Monday. Kunal Singla flags entry zone Rs 736-743, target Rs 772, stop loss Rs 721. Hindalco participates in the broad base metals rally and benefits from the same dollar weakness tailwind supporting the zinc price prediction for tomorrow.

3. Tata Steel: Trading near Rs 170 on Monday. Ankit Jaiswal flags entry zone Rs 167-170, target Rs 178, stop loss Rs 163. Tata Steel's galvanised steel business uses zinc as an input. Moderate zinc price increases from supply constraints rather than demand collapse is manageable for margins and aligns with the zinc price prediction for tomorrow.

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Zinc Price Prediction For Tomorrow: Trading Strategy

1. Track COMEX Zinc before MCX opens for the zinc price prediction for tomorrow. COMEX above $3,700 confirms the zinc price prediction for tomorrow is bullish with upside to Rs 390.
2. Rs 367-372 is the buy-on-dip zone. Ankit Jaiswal recommends adding longs near this level for the zinc price prediction for tomorrow.
3. Rs 385-390 is the immediate resistance. Kunal Singla advises booking positions at this level in the zinc price prediction for tomorrow unless COMEX breaks $3,720.
4. Watch for Chinese smelter maintenance announcements to extend the supply squeeze and boost the zinc price prediction for tomorrow.

Risks to the Zinc Price Prediction For Tomorrow

• Chinese smelter capacity resuming ahead of schedule would ease zinc supply and revise the zinc price prediction for tomorrow lower.
• Dollar recovery overnight removing the forex tailwind from the zinc price prediction for tomorrow.
• Galvanised steel demand slowdown from construction sector weakness reducing zinc end-use demand in the zinc price prediction for tomorrow.

Conclusion

The zinc price prediction for tomorrow for Tuesday 4 August 2026 shows +Rs 3 (+0.8%) to Rs 378 per kg on Monday, with India VIX at a multi-month low of 11.55 and FII returning to net buying at Rs 918 crore. Ankit Jaiswal of Univest identifies Rs 385-390 as the key resistance for the zinc price prediction for tomorrow while Kunal Singla considers Rs 367-372 the most important support to watch Tuesday. Check GIFT Nifty at 9 AM IST, monitor Iran diplomatic updates overnight, and track Bharti Airtel and ONGC Q1 FY27 results in the first hour as the three most critical real-time inputs for the zinc price prediction for tomorrow.

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FAQs on Zinc Price Prediction For Tomorrow

What is the zinc price prediction for tomorrow, Tuesday 4 August 2026?

Ans. The zinc price prediction for tomorrow is bullish. MCX Zinc closed Monday at Rs 378 per kg, up 0.8 percent, tracking COMEX Zinc at $3,674.50 per tonne, a 4-year high. Support is at Rs 367-372 and resistance at Rs 385-390 in the zinc price prediction for tomorrow.

Which analysts prepared the zinc price prediction for tomorrow?

Ans. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, have prepared the zinc price prediction for tomorrow covering MCX Zinc levels, COMEX supply analysis and producer fundamentals.

Why is zinc at a 4-year high in the zinc price prediction for tomorrow?

Ans. Chinese mine output cuts of 1,000 tonnes and smelter maintenance reducing production by 1,000-1,500 tonnes created a supply squeeze. Glencore and Boliden both reported double-digit production declines in H1 2026. This structural deficit drives the bullish zinc price prediction for tomorrow.

What is MCX Zinc support and resistance for the zinc price prediction for tomorrow?

Ans. Support is at Rs 367-372 and Rs 358-362. The 50 DMA near Rs 348-352 is the medium-term floor. Resistance is Rs 385-390 and Rs 395-400 in the zinc price prediction for tomorrow.

What stocks are linked to the zinc price prediction for tomorrow?

Ans. Hindustan Zinc (India's only integrated zinc producer with direct COMEX Zinc earnings linkage), Hindalco (broad base metals) and Tata Steel (galvanised steel zinc user) are the three equity plays for the zinc price prediction for tomorrow.