MCX Zinc Live Price Today


Here is the latest mcx zinc live price analysis and charts.

MCX Zinc Live Price as on 22/09/21

Last Price

Open

High

Low

P.Close

Volume

258.85

256.95

259.50

256.95

256.55

177.00

On the MCX, Zinc futures price change is about 0.89% to previous change 256.55. The total volume of shares traded is 177.00.

Over the last one week mcx zinc price change is about 2.19%. Over the last 30 days, the price change is about 3.75%.

MCX Zinc Live Price Chart


MCX Zinc Trading System 1 :

MCX Zinc  Live Price

How to Trade the MCX Zinc Intraday Signals Chart

BUY Trade Entry

Green up arrow & candle stick must trade above the yellow trend line.

BUY Trade Exit

Trail Stop-loss as per green dotted lines or stop loss price given in text box or when a candle stick crosses below the yellow trend Line

SELL Trade Entry

Red Down arrow & candle stick must trade below the yellow trend line.

SELL Trade Exit

Trail Stop-loss as per red dotted lines or stop loss price given in text box or when a candle stick crosses above the yellow trend Line

We also expect the commodity zinc futures to react on the above support and resistance levels for today.

*The below MCX Zinc Live Price Charts are updated every 10 mins with auto refresh.

Zinc Trading System 2 :


MCX Zinc

How to Trade the Zinc Intraday Multiple Super Trend Chart

BUY Trade Entry

When both super trend indicators are in uptrend. In other words two green stop loss lines below the candlestick.

BUY Trade Exit

When either of the super trend goes in downtrend.

SELL Trade Entry

When both super trend indicators are in downtrend. In other words two red stop loss lines above the candlestick

SELL Trade Exit

When either of the super trend goes in uptrend.

We have further improved the famous super trend strategy by using two different super trend indicators for generating trade call signals. The strategy increase profits by almost 70% by using two super trend indicators and also helps in exiting fast from the market when the trend is not intact.

MCX Zinc Price Technical Analysis


Quant's Today Trend score for MCX Zinc is 7

* A trend score of greater than 5 signals that the commodity is bullish for the day while trend score of less than 2 signals bearish trend*

Indicator

Value

Signal

RSI

RSI is 65.27

Neutral

MACD

MACD : 2.44

Signal Line : 1.82

Bullish

Stochastic

%D is 74.27

%K is 86.92

Bullish

MFI

89.79

Overbought

Aroon

1

Bullish

Bollinger Band

BBTop is 256.8

BBBot is 239.78

Neutral

Simple Moving Average Short Term

SMA(15) is 250.05

Bullish

Simple Moving Average Mid Term

SMA(45) 246.55

Bullish

Simple Moving Average Long Term

SMA(100) 241.1

Bullish

MCX Zinc Interactive Real Time 5 Mins Intraday Chart


MCX Zinc Overview


Zinc is lustrous metal bluish silver in color. It is brittle at room temperature but is malleable above 100-degree centigrade.

It is known to be a fair conductor of electricity. It occurs naturally in Earth’s crust and is the fourth most widely used metal after Steel, Aluminum and copper. It is 24th most abundant element found in Earth’s crust.

Zinc is a vital nutrient that is essential for the growth and development of all living organism including plants, animals and other micro-organisms.

Zinc is well known as anti-corrosion agent and is therefore used widely to increase the life of buildings, automobiles, ships etc.

Zinc is found in many ores mainly Zinc Sulfide, Zinc Carbonate, Zinc Silicate, Manganese and Iron Compounds.

Zinc ores are concentrated, roasted and heated with carbon to produce Zinc. Zinc can also be separated from ores by the process of electrolysis. The annual worldwide production of Zinc is 11 million tonnes.

Top 5 Producers of Zinc

  1. China
  2. Australia
  3. Peru
  4. The United States
  5. Mexico

There are two main supply channels of zinc- Mining (Primary Production), Recycling (Secondary Production). Most of the supply from primary production comes from China.

Five main uses of Zinc

  1. Galvanizing Material: As zinc is known for its high resistance to corrosion it is used as a galvanizing material to protect other metals from rusting such as iron and steel.
  2. Alloys: Zinc alloys are used in many industries. Some commonly used zinc alloys are

    Brass- Brass is an alloy of zinc and copper and is used in the manufacturing of musical instruments, decorative items, screws etc.

    The alloy of Zinc and Lead, Tin: Zinc, when alloyed with lead and tin, is used to make solder which is used to join electrical components, pipes and other metallic items.

    Nickel silver, Typewriter Metal, Spring Brass and German silver some other common types of zinc alloys that have wide application.
  3. Die Casting: The hardness and strength, the low cost as compared to other metals, the high thermal conductivity, and full recyclability make zinc the most preferred and commonly used metal for die casting.
  4. Zinc Oxide: This versatile compound is put to the variety of uses from paint, rubber, plastics and batteries to cosmetics, pharmaceuticals, and textiles.
  5. Zinc Sulfide: Zinc Sulfide is mainly used in X-ray screens, luminous paints and fluorescent light etc.

Factors influencing the price of Zinc

  • Demand and Supply from China: Looking at the demand side, China is among the leading consumer of the metal. China is the fastest growing economy and uses the refined zinc that is used in galvanization of steel and iron in its construction and other in infrastructure projects. Therefore, the demand for zinc from China contributes majorly to the total world’s demand for zinc.

    Looking at the supply side, China is not only the leading consumer but also the leading producer of the Zinc. The main production channel for Zinc in China is the mining. The poor air quality in China has forced the government to take steps to restrict mining as mining contributes majorly to the pollution.

    If the supply of Zinc is curbed in China due to the restrictions on mining, it might raise the price of this metal.
  • Global Stocks: London Metals Exchange keeps the record of the stocks of all the commodities. Traders can take a close view of the global stocks of the commodities and trade accordingly. In case the stock is piling and expanding, results in lowering the prices of the metal and on the other hand, a decrease in the stock results in the shortage, and thus prices might go up.

    Another exchange where traders can check the inventories of commodities is Shanghai Futures Exchange (SHFE).
  • Cost of Production: Production of Zinc from mining and separating it from the ore requires a large amount of coal, electricity and crude oil. Thus, the price of Zinc largely depends upon its cost of production and the prices of the raw material used.

Reasons to invest in Zinc

  • Expanding Economies: World economies are growing. There is a demand for iron and steel in construction and other infrastructure projects. Zinc is used to galvanize iron and steel to protect them from rusting and increase the life of buildings, automobiles and other products in which they are used as a raw material. Therefore, there will an increase in demand for zinc too.
  • Diversify portfolio: Zinc is the fourth most commonly used metal and therefore its demand is everlasting until the economies continue to grow. It can be added to the portfolio to diversify the risk.
  • Hedge against Inflation: As Zinc is priced in the dollar it offers a good bet to combat the weakening dollar and hedge against inflation.

The risk of investing in Zinc

  • Global Recession: Global recession will curb the demand for this metal as there will be a halt in construction and other infrastructure projects as the economy slows down.
  • U.S. Economy: As the metal is priced in dollar its price gets affected by the economy in the United States. The higher interest rates in U.S and strong dollar have the negative impact on the demand and price of the commodity.

Contract Specifications of Zinc


Symbol

ZINC

Description

ZINCMMMYY

Contract Listing

Contracts are available as per the Contract Launch Calendar

Contract Start Day

1 st day of contract launch month

Last Trading Day

Last calendar day of the contract expiry month.

Price Quote

Rs. per kg

Lot size

5 tons

Tick Size

5 paise per kg

Profit/Loss made for every ₹ 1 change

Rs.5000

Trading Period

Monday to Friday

Trading Timings

10.00 a.m. to 11.30/ 11.55 p.m

Commodity Group

Base Metals

Instrument Type

COMMODITY FUTURES

Initial Margin

Minimum 4% or based on SPAN whichever is higher.

Contract Launch Calendar


Contract Launch Months

Contract Expiry Months

September 2017

January 2018

October 2017

February 2018

November 2017

March 2018

December 2017

April 2018

January 2018

May 2018

February 2018

June 2018

March 2018

July 2018

April 2018

August 2018

May 2018

September 2018

June 2018

October 2018

July 2018

November 2018

August 2018

December 2018

* Contract Launch Calendar Source MCXINDIA https://www.mcxindia.com/home

MCX Zinc Price History


Date

Price

Open

High

Low

Volume

23/09/21

255.3

251.35

256.4

250.1

3224

22/09/21

251.5

251.9

253.2

249.65

1200

21/09/21

249.95

247.9

252.9

246.4

1697

20/09/21

247.45

250

250.5

247.45

530

17/09/21

252

251.85

255.4

251

717

16/09/21

250.5

250.1

252

249.4

243

15/09/21

250.6

248.8

252

248.8

246

14/09/21

248.2

249

249

246

225

13/09/21

250.2

251

251.7

248.5

159

10/09/21

251.85

250.75

253.45

250.45

81

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