Zinc Price OutlookAfter recovering from their second-lowest point in nearly two years in mid-September and reaching a near five-month high in early December, zinc prices trended downwards on average since then. On 11 January, zinc traded at USD 2,498 per metric ton, which was 6.3% lower than on the same day in the previous month. Moreover, the price was 26.8% lower than on the same day last year and was down 0.8% on a year-to-date basis. Prices for the metal used to galvanize steel have come under pressure recently largely due to increased worries over slowing growth in China, which is the world’s largest consumer of the metal. This was evidenced by disappointing PMI readings in December which showed that factory activity contracted for the first time in over a year and a half, pointing to a retreat in demand by consuming industries. Notably, these developments outweighed the support to prices stemming from low inventory levels at London Metal Exchange and Shanghai Futures Exchange warehouses.
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
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