Zinc Price OutlookZinc prices hit a one-year low in recent weeks amid growing concerns over the escalating trade war between the U.S. and China, as well as on news of oversupply in the till-now tight market. On 6 July, zinc traded at 2,763 at USD per metric ton, which was 14.0% lower than on the same day last month and was 0.7% lower than on the same day last year. Moreover, the price was down 17.2% on a year-to-date basis. Fears over the tit-for-tat tariffs being lobbed between the U.S. and China grew in recent weeks as the first set of U.S. tariffs targeting Chinese goods came into effect. Moreover, zinc’s exposure to the U.S.’s steel tariffs, recently imposed against most of its major trading partners, left prices particularly vulnerable. In addition, concerns over longer-term demand from China were stoked as speculation mounted over the economy’s eventual slowdown. Meanwhile, reports of a sizeable surplus of the base metal in the first quarter sent further chills through the market. Backstopping the decline, however, was the ongoing anti-pollution crackdown in China—although analysts are skeptical of new plans to slash output further in the months ahead.
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
Start Your Free 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.