Zinc Price Outlook
Zinc prices plummeted in recent weeks, hurt by weaker a demand backdrop and retreating supply worries. Prices averaged USD 3,770 per metric ton in May, which was 13.8% lower than April's price of USD 4,371 per metric ton. The average price for zinc was up 27.1% from the same month last year. Moreover, on 31 May, zinc traded at USD 3,939 per metric ton, which was down 5.1% from the same day of the previous month. Less supportive fundamentals drove a sharp downturn in zinc prices in May, after tight supply conditions and soaring energy costs propelled prices to a 16-year high in mid-April. May’s decrease tracked a wider trend in base metal prices, which were hit hard by deteriorating demand prospects due to a softer GDP growth outlook in most industrialized economies. On top of this, economic conditions in top consumer China remained challenging in May, chiefly due to Covid-19 related restrictions, which constrained industrial activity and thus weighed on zinc prices. Notably, China became a net exporter of zinc for the first time since 2014 in April. That said, zinc production was curtailed, especially in Europe, due to still-elevated energy prices. This kept global supply constrained, limiting the price fall.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.
Zinc Historical Price Chart
Sample Report
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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