Zinc Price Prediction for Tomorrow, Thursday 6 August 2026: MCX Zinc at Rs 379 Holds Near 4-Year High as China Supply Cuts Keep Supply Deficit Intact

The zinc price prediction for tomorrow for Thursday 6 August 2026 is framed by Wednesday's session where Brent crude extended its weekly decline to 78.44 US dollars, down 12 percent in a single week on Iran deal mediators in Qatar reporting progress, while the RBI held rates at 5.25 percent with a neutral stance. Nifty 50 closed approximately flat near 24,590 while Sensex gained 321 points to approximately 78,750 — a historic divergence driven by the new Closing Auction Session mechanism. Bank Nifty fell 187 points to approximately 57,720 as private banks (HDFC Bank -1.13 percent, ICICI Bank -1.07 percent) underperformed while PSU banks (SBI +0.86 percent) outperformed ahead of SBI Q1 FY27 results on Thursday. The zinc price prediction for tomorrow for Thursday balances three catalysts: the weekly Nifty options expiry, SBI Q1 FY27 results and Brent crude at 78.44 US dollars. MCX Zinc eased slightly by 0.26 percent Wednesday as the rupee's strengthening to 94.80 compressed dollar-denominated commodity prices in rupee terms. However, COMEX Zinc continues to trade near its 4-year high at approximately 3,680 US dollars per tonne as Chinese smelter maintenance cuts and mine production reductions maintain the structural supply deficit. The zinc price prediction for tomorrow remains structurally bullish: the supply deficit is independent of the Iran geopolitical narrative, making zinc the most fundamentally insulated commodity from Iran deal risk in this outlook. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete zinc price prediction for tomorrow.

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Wednesday's Data Behind the zinc price prediction for tomorrow

Indicator	Wednesday 5 Aug Close	Change
Primary Level	Rs 379 per kg	-Rs 1 (-0.26%)
Day Range	Rs 374 to Rs 384	Session high/low
Nifty 50	~24,590	~-25 pts (-0.10%) — CAS divergence
Sensex	~78,750	+321 pts (+0.41%) — Grasim, L&T led
Bank Nifty	~57,720	-187 pts (-0.32%) — private banks lagged
India VIX	~11.48	Down from 12.19 (RBI event resolved)
Brent Crude	$78.44/bbl	-$0.92 (-1.2%) today; -12% weekly
SBI Q1 FY27	Results due Thursday Aug 6	SBI +0.86% Wed on pre-result positioning

Ankit Jaiswal notes the zinc price prediction for tomorrow is shaped by three simultaneous forces: crude at 78.44 US dollars (the structural positive for FMCG, Realty, Cement and Auto that drove Wednesday's outperformers up 1-2 percent), the weekly Nifty options expiry on Thursday (intraday volatility guarantee), and SBI Q1 FY27 results (the binary banking catalyst). The zinc price prediction for tomorrow analysis below maps each catalyst to its impact on Thursday's likely range and direction.

Technical Levels for the zinc price prediction for tomorrow

Level Type	Zone
Immediate Support	Rs 366-372
Support 2	Rs 358-362
Strong Support	Rs 348-354 (50 DMA)
Immediate Resistance	Rs 386-392
Key Resistance	Rs 398-408

Kunal Singla observes that the zinc price prediction for tomorrow enters Thursday with VIX at 11.48, the lowest since Monday August 3, confirming option writers are pricing a calmer session after Wednesday's RBI-driven volatility resolved. The weekly expiry pin near the max pain zone for Thursday creates a gravitational force for the first 90 minutes of Thursday's session before SBI Q1 result catalysts take over. Rs 386-392 is the primary resistance that the zinc price prediction for tomorrow must clear for the bullish case to be confirmed post-SBI results.

Iran Deal and Crude at $78.44: Core Driver of the zinc price prediction for tomorrow

Brent crude at 78.44 US dollars is the most significant macro variable for Thursday. Qatar, Pakistan and Oman continued shuttle diplomacy between Washington and Tehran on Wednesday, with mediators reporting progress in narrowing differences. The Strait of Hormuz remains partially shut with another vessel attacked Wednesday, maintaining 1-2 US dollars of risk premium in crude. Ankit Jaiswal tracks three crude scenarios for the zinc price prediction for tomorrow: formal Iran deal overnight pushes Brent to 72-75 US dollars (very bullish for FMCG, Realty, Auto, Cement in this outlook); status quo at 78-80 US dollars is the base case; deal collapse pushes Brent back above 84 US dollars (bearish for FMCG and FMCG-linked sectors in this outlook).

Key Factors Shaping the zinc price prediction for tomorrow

• COMEX Zinc near 3,680 US dollars maintaining its 4-year high from Chinese smelter maintenance cuts is the primary structural driver of the zinc price prediction for tomorrow, fully independent of Iran geopolitical developments.
• Glencore's 21 percent year-on-year H1 2026 zinc production decline (while maintaining guidance) keeps the structural supply deficit intact for the zinc price prediction for tomorrow.
• Dollar softness from improved risk sentiment on Iran deal progress provides a modest forex tailwind for the zinc price prediction for tomorrow by reducing the cost for overseas buyers of dollar-denominated zinc.

Stocks to Watch in the zinc price prediction for tomorrow

Univest analysts flag the following stocks for educational observation in this outlook on Thursday. These are not buy recommendations.

Hindustan Zinc: CMP Rs 526. Ankit Jaiswal flags entry Rs 519-525, target Rs 548, SL Rs 506. Hindustan Zinc is India's only integrated zinc smelter and the direct equity expression of the zinc price prediction for tomorrow at COMEX 4-year highs. This is a watch in this outlook.

Hindalco: CMP Rs 755. Kunal Singla flags entry Rs 745-752, target Rs 778, SL Rs 732. Hindalco participates in the broad base metals rally in this outlook. This is a watch in this outlook.

Tata Steel: CMP Rs 174. Ankit Jaiswal flags entry Rs 171-173, target Rs 182, SL Rs 167. Tata Steel's galvanised steel operations use zinc and benefit from the same metals complex strength in this outlook. This is a watch in this outlook.

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Trading Strategy for the zinc price prediction for tomorrow

1. Track COMEX Zinc before MCX opens for the zinc price prediction for tomorrow. COMEX above 3,700 US dollars overnight confirms the zinc price prediction for tomorrow is bullish.
2. Rs 366-372 is the buy-on-dip zone for the zinc price prediction for tomorrow. Ankit Jaiswal recommends long positions above Rs 372.
3. Rs 386-392 is the first resistance in this outlook. Kunal Singla advises booking 50 percent of positions here.
4. Monitor Chinese smelter maintenance extension announcements that could push COMEX Zinc above 3,720 and strengthen the zinc price prediction for tomorrow.

Risks to the zinc price prediction for tomorrow

• Chinese smelter maintenance ending early easing supply and reversing the zinc price prediction for tomorrow structural bull case.
• Dollar recovery from Iran deal risk-on reducing the forex tailwind for the zinc price prediction for tomorrow.
• Rupee further strengthening compressing MCX Zinc in rupee terms in this outlook.

Conclusion

The zinc price prediction for tomorrow for Thursday 6 August 2026 is shaped by -Rs 1 (-0.26%) to Rs 379 per kg on Wednesday, driven by Brent crude at 78.44 US dollars on Iran deal progress. Ankit Jaiswal of Univest identifies Rs 386-392 as the key resistance and Rs 366-372 as the critical support for the zinc price prediction for tomorrow. SBI Q1 FY27 results on Thursday and the weekly Nifty options expiry are the twin catalysts that define the zinc price prediction for tomorrow direction for August 6. A strong SBI Q1 beat would be the most powerful positive catalyst for the zinc price prediction for tomorrow in Thursday's session.

Kunal Singla of Univest notes that with India VIX at 11.48, the zinc price prediction for tomorrow carries lower volatility expectations than Tuesday's pre-RBI setup. The crude-below-80-dollar structural theme (Realty +2%, Auto +1.1%, Cement +1.1% on Wednesday) provides the positive sector underpinning for the zinc price prediction for tomorrow even if banking remains under PSU-versus-private rotation pressure on Thursday.

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FAQs on Zinc Price Prediction For Tomorrow

What is the zinc price prediction for tomorrow, Thursday 6 August 2026?

Ans. The zinc price prediction for tomorrow is structurally bullish. MCX Zinc closed Wednesday at Rs 379 per kg, down 0.26 percent on rupee strengthening but COMEX near 3,680 US dollars (4-year high) remains intact. Support is Rs 366-372 and resistance Rs 386-392 in this outlook.

Why is zinc structurally bullish in the zinc price prediction for tomorrow?

Ans. Chinese smelter maintenance reduced output by 1,000-1,500 tonnes, a Southwest China mine cut output by 1,000 tonnes and Glencore reported a 21 percent production decline year-on-year. This supply deficit is independent of Iran geopolitical events and is the core structural bullish driver in this outlook.

Which analysts prepared the zinc price prediction for tomorrow?

Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the zinc price prediction for tomorrow.

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

Ans. Support is Rs 366-372 and Rs 358-362. The 50 DMA at Rs 348-354 is the medium-term floor. Resistance is Rs 386-392 and Rs 398-408 in this outlook.

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

Ans. Hindustan Zinc (world's second largest zinc producer), Hindalco (base metals) and Tata Steel (galvanised steel zinc user) are the three stocks in this outlook.