Zinc Price OutlookZinc prices soared over the past month, hitting a one-year high in early November amid strong Chinese demand and heathy manufacturing data coming from the U.S. On 6 November, zinc traded at USD 2,624 per metric ton, which was 11.9% higher than on the same day last month. Moreover, the price was up 15.1% on a year-to-date basis and was 4.2% higher than on the same day last year. Upbeat industrial activity in China—data showed a strong Q3 GDP outturn and accelerating industrial activity in September—fueled a zinc price rally over the past month. The Chinese industrial sector seems to have fully emerged from the Covid-19-related downturn which, coupled with expectations of stronger demand ahead thanks to the government’s fiscal stimulus package, boosted prices of the base metal. However, soaring numbers of new Covid-19 cases in Europe and the U.S. capped the upturn in prices, with lockdown restrictions reintroduced in many EU countries. That said, healthy October manufacturing PMI data from China and the U.S. bolstered prices again in early November, despite volatility stemming from the U.S. elections.
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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