Zinc Price Outlook
Zinc prices slumped over the past month, after having trended upwards since early September. On 29 November, zinc traded at USD 2,300 per metric ton, which was 11.1% lower than on the same day last month. Moreover, the price was down 8.7% on a year-to-date basis and was 10.5% lower than on the same day last year. Prices for the metal used to galvanize steel fell in recent weeks mainly on demand concerns from Chinese steel producers. Weak global and domestic demand amid ongoing trade war uncertainties weighed on industrial activity in China and, thus, put downward pressure on prices for base metals, including zinc. Moreover, prospects of rising global mined output have further supported the bearish sentiment among market participants, despite low stockpiles at the London Metal Exchange warehouses which have supported prices in recent months.Zinc Price History Data (USD per metric ton, aop)
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Zinc Historical Price Chart
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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