Zinc Future Price Forecast for Next Week (06th

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Zinc Price Forecast for Next Week (06th - 10th March 2026)

MCX Zinc futures gained around 2.47% over the week, supported by signs of improving industrial activity and short-term supply tightness. China’s factory activity returned to expansion in March, boosting demand expectations, though uncertainty around the Middle East conflict continued to cloud the outlook. U.S. President Donald Trump warned of potential intensified strikes on Iran in the coming weeks, adding to market volatility. Prices found further support from a 2.3% decline in inventories at the Shanghai Futures Exchange, alongside supply constraints such as low stockpiles, mine closures, and operational disruptions. However, upside remained limited as the restart of Boliden’s Tara mine and ramp-up at Ivanhoe Mines’ Kipushi project are expected to keep the global zinc market in a modest surplus.

Zinc price has continued to rebound from the recent dips for 2nd consecutive week, posted incline of +2.47% in past week and settled at 323.05. Price has continued to trade over its key moving averages i.e. 50, 100 and 200-DEMA levels placed at 318.50, 313.10, 301.20 respectively. Daily SAR is also placed at 302.20. On the upside, immediate resistance would be at 332.80, breakout of this level, will accelerate bullish momentum. The momentum indicator, RSI remained in-between 55 – 65 on Daily, Weekly as well as Monthly chart. Also, we can observe a bullish crossover on Daily MACD below zero-line alongside positive histograms, suggesting positive biasness in Zinc price ahead.

Based on a above analysis, we are expecting Sideways-to-Bullish trend in Zinc and traders may look for a Buy-on-dips opportunity.