Zinc MCX Price Today: Market Update and Insights

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However, this positive momentum comes alongside a 4.8% increase in zinc inventories at Shanghai Futures Exchange-monitored warehouses.

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In August 2024, China’s refined zinc imports reached 26,500 metric tons, marking a substantial month-on-month increase of 44.24%, although this figure represents a decline of 9.01% compared to the previous year.

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On the supply side, Swedish miner Boliden’s decision to delay its Odda zinc smelter expansion until 2025 may tighten future supplies.

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Current support is seen at ₹269.9, with potential further downside to ₹264.8, while resistance is likely at ₹277.7, with a possible test of ₹280.4 if prices break above.

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For the most reliable updates on Zinc MCX Price Today, make sure to visit Shree Metal Prices daily for current market trends and future forecasts.

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