Zinc ingots stacked

Zinc Price Outlook

After declining to the second-lowest level in nearly two years in mid-September, zinc prices recovered lost ground and trended upwards overall in the past month. On 5 October, zinc traded at USD 2,668 per metric ton, which was 9.9% higher than on the same day in the previous month. However, the price was 20.5% lower than on the same day last year and was down 20.1% on a year-to-date basis. The recent jump in zinc prices was influenced by developments in both the global trade environment and market fundamentals. The lower-than-expected U.S. tariffs to be levied on the next round of Chinese goods and a weaker U.S. dollar have lent support to zinc prices. Meanwhile, falling inventories point to tightness in market conditions: In late-September, zinc stocks in London Metal Exchange warehouses declined markedly on a month-on-month basis, while Shanghai Futures Exchange zinc inventories plunged to their lowest level in over a decade. Moreover, the latest output data from China, which is both the world’s largest zinc producer and consumer, revealed that output has fallen for three consecutive months, dipping to a near six-year low in August due in part to the ongoing environmental crackdown by authorities. This, coupled with recent reports by the International Lead and Zinc Study Group that global zinc mine production contracted in January–July, likely contributed to the recent climb in prices.

Zinc Price History Data (USD per metric ton, aop)

2013  2014  2015  2016  2017  
Zinc1911.09  2162.01  1929.03  2092.83  2890.89  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Zinc Historical Price Chart


Zinc historical price chart
Note: High Grade Zinc, prices in USD per metric ton (mt). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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