Zinc Price OutlookZinc 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)
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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