Zinc Price OutlookZinc prices continued to rise over recent weeks, supported by booming Chinese zinc demand, as steel production soars. On 11 September, zinc traded at USD 2,448 per metric ton, which was up 2.3% from the same day last month. Moreover, the price was 7.4% higher on a year-to-date basis and was up 3.8% from the same day last year. A continued improvement in demand and constrained global supply sent zinc prices soaring to an over nine-month high in August and early September. China’s booming steel production, supported by strong stimulus to offset the economic damage caused by the pandemic, led to a rally in zinc prices. Strong demand from China particularly benefited producers in Australia, Kazakhstan and South Korea. Meanwhile, zinc supply remains constrained due to disruptions caused by the pandemic: Bolivia’s largest mine suspended operations for a second time this year due to a Covid-19 outbreak, contributing to upside price pressures. However, LME stocks are reportedly high, meaning demand recovery outside China remains weak, which could signal some loss in momentum later in the quarter.
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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