Zinc futures dropped below $3,000 a tonne, moving away from a five-month high of $3,486.5 hit on January 26th, as traders continued to weigh the prospects of recovery by top consumer China against supply worries. China's decision to set a modest 5% economic growth target for 2023 dampened some optimism around a surge in demand by the world's largest buyer of natural resources. Meanwhile, recent data from the International Lead and Zinc Study Group (ILZSG) showed the global zinc market deficit rose to 100,500 tonnes in December from a revised 66,900 tonnes a month earlier. For the entire 2022 year, ILZSG data indicated a shortage of 306,000 tonnes versus a shortage of 204,000 tonnes in 2021.

Historically, Zinc reached an all time high of 4603 in November of 2006. Zinc - data, forecasts, historical chart - was last updated on March of 2023.

Zinc is expected to trade at 2960.04 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2719.19 in 12 months time.

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Zinc



Price Day Month Year
Coal 182.00 2.00 1.11% -19.29% -56.73%
Bitumen 3,929.00 19.00 0.49% 1.26% -5.10%
Cobalt 34,180.00 0 0% -12.18% -58.21%
Lead 2,082.00 -33.65 -1.59% -2.48% -15.40%
Aluminum 2,333.50 -18.50 -0.79% -6.62% -30.16%
Zinc 2,959.00 12.00 0.41% -5.25% -24.90%
Nickel 23,921.00 -283 -1.17% -12.03% -50.37%
Molybdenum 90.50 0 0% 0.56% 103.37%
Palladium 1,400.12 13.20 0.95% -14.08% -52.33%
Gallium 1,875.00 0 0% -7.41% -24.24%
Germanium 8,750.00 50 0.57% 6.71% -6.91%
Manganese 33.50 0 0% -0.74% -2.90%
Indium 1,525.00 0 0% 6.27% 4.81%
Soda Ash 2,780.00 0 0% 0.72% 5.90%
Neodymium 815,000.00 -10000 -1.21% -17.26% -44.56%
Tellurium 580.00 0 0% 4.04% 29.61%
Iron Ore 62% fe 127.33 1.83 1.46% 3.34% -20.89%
Rhodium 10,100.00 0 0% -16.18% -53.02%


Zinc
Zinc Futures are available for trading in The London Metal Exchange (LME). The standard contract size it 25 tonnes. Zinc is often used in die-casting alloys, castings, brass products, sheeting products, chemicals, medicine, paints and batteries. The biggest producers of zinc are. China, Peru, Australia, United States, Canada, India and Kazakhstan. Zinc prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
2959.00 2947.00 4603.00 176.37 1960 - 2023 USD/MT Daily