Zinc Price OutlookAfter hitting a near 11-month high in mid-April, zinc prices declined in the following weeks. On 11 May, zinc traded at USD 2,752 per metric ton, which was down 6.6% from the same day in April. Although the price was 9.3% higher on a year-to-date basis, the price was down 11.5% from the same day last year. The fall in zinc prices over the past month again largely reflected a supply-side story. After declining to their lowest levels in over two decades in early-April, stocks of zinc in London Metal Exchange warehouses have risen steeply since then. This has fueled expectations that the extremely-tight market is loosening up, albeit still remaining in deficit, and thus has put downward pressure on prices. In addition, treatment charges, which are what smelters charge miners to process the raw material, have climbed in recent months as new and restarted mines have ramped up production, signaling increased supply of refined zinc in the market ahead. Global macroeconomic developments also partly weighed on the base metal prices. Particularly, weak manufacturing activity data coming from Europe in April, coupled with a stronger dollar, which makes base metals more expensive for buyers that use other currencies, likely weighed on prices. Moreover, heightened market worries over the outcome of crucial U.S.-China trade talks last week likewise played a role.
Zinc Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Zinc Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.