Zinc ingots stacked

Zinc Price Outlook

Zinc prices held largely stable month-on-month but trended upwards overall over the past month. On 8 March, zinc traded at USD 2,724 per metric ton, which was 0.8% higher than on the same day in February and was up 8.1% on a year-to-date basis. However, the price was 15.6% lower than on the same day last year. The climb in zinc prices in recent weeks has mainly reflected supply-side developments. Zinc stocks registered with the London Metal Exchange are currently at their lowest since 2007, while inventories at the Shanghai Futures Exchange remain at historically low levels. Depleted stocks in large part reflect tumbling production of refined zinc in China amid stricter environmental regulations faced by smelters. As a result, significant quantities of the base metal have flowed into China from abroad, with imports of refined zinc hitting a record-high last year and remaining elevated in January, which have compensated for the country’s decline in output and thus drained availability in the global market. Shortages of the metal used to galvanize steel were also highlighted by the latest International Lead and Zinc Study Group’s report which revealed a marked deficit for the third year running in 2018, exerting upward pressure on prices. Notably, these supply side factors have overshadowed recent disappointing manufacturing activity data from China, which likely weighed on prices.

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

2013  2014  2015  2016  2017  2018  
Zinc1911.09  2162.01  1929.03  2092.83  2890.89  2920.33  

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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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