Zinc Price OutlookZinc prices continue to trend higher at the start of the year, reaching a ten-year high in late January. On 9 February, zinc traded at USD 3,412 per metric ton, which was 1.8% higher than on the same day last month and was up 2.2% on a year-to-date basis. The price, furthermore, was 20.5% higher than on the same day last year. Zinc prices remain on an upward trend due to persistent supply concerns. According to the International Lead and Zinc Study Group, the global market deficit for zinc widened in the January-to-November period compared to the January-to-October period. The wider deficit in the first eleven months of 2017 was driven by increased demand from China and a simultaneous decline in output. Compared to the corresponding period in 2016, the market swung from surplus to deficit due to substantial production cuts in China, the world’s largest producer of the commodity, and other countries. More recently, the decision by zinc smelters to reduce zinc processing fees on 11 February amid persistent shortages in the market also contributed in pushing prices higher.
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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