Zinc Price OutlookZinc trended up in recent weeks amid heavily constrained global supply, improving demand conditions in China and the gradual easing of global lockdowns. Prices remained generally subdued, however, after being hammered by coronavirus-related fallout in Q1. On 15 May, zinc traded at USD 1,966 per metric ton, which was 2.4% higher than on the same day last month. However, the price was down 13.8% on a year-to-date basis and was 28.7% lower than on the same day last year. Despite a generally bleak global economic backdrop, zinc prices trended up in recent weeks, largely thanks to sinking global production. Strict quarantine measures have triggered mine closures in key producer countries, including India’s Rampura Agucha and Peru’s Antamina mines, allowing supply and demand to rebalance somewhat after the severe fallout from Covid-19 eviscerated global appetite for Zinc early in the year. Moreover, recovering economic activity in top metals consumer China and cautious optimism over the gradual reopening of most other major economies—including the EU, UK and the U.S.—further supported Zinc prices in the first half of May.
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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