The Economic Times News

Commodity Radar: Tight inventories keep MCX zinc a buy on dips trade. 7% near-term upside seen

MCX zinc prices gained over 1% on Wednesday amid tight inventories, weak dollar and supportive rupee movement. Analysts remain bullish, citing constrained supply and mine shutdowns in China. Technical indicators suggest buying on dips, with a near-term upside of about 7% and resistance seen near Rs 326 per kg.