Zinc Price OutlookPrices for zinc were turbulent in recent weeks, largely due to announcements of output curbs in both China and Europe. On 7 October, zinc traded at USD 3,040 per metric ton, which was up 0.2% from the same day last month. However, the price was 11.4% higher on a year-to-date basis and was up 30.1% from the same day last year. After hitting an over two-year high on 24 September on strong fundamentals, zinc prices started to trend downwards, likely weighed on by signs of waning demand for steel—with galvanizing being zinc’s main end-use. Global steel production slid for the first time in over a year in August, while strict carbon emission policies in China further dampened demand prospects. That said, a chain of events triggered some supply concerns, which have subsequently helped prices to regain some lost ground. In late September, top European zinc producer Nyrstar announced output curbs due to high electricity prices, while ongoing power rationing in China continued to subdue smelter activity. However, the release of 50,000 tonnes of zinc from China’s stockpiles in early October will have capped the rebound.
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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