Zinc Price Outlook

Zinc 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)

2015  2016  2017  2018  2019  
Zinc 1929.03  2092.83  2890.89  2920.33  2548.76  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Zinc Historical Price Chart


Zinc historical price chart
Note: High Grade Zinc, prices in USD per metric ton (mt). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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