Why are Zinc Prices so high?
06-02-2026 - Over the past month, the price of zinc as a raw material has experienced an upward trend, rising from $3,214.33/t to $3,281.25/t. This increase suggests a strengthening market, potentially due to supply constraints or heightened demand. However, the forecast predicts a decline in zinc prices to $3,183.56/t, a 3.0% decrease from the current price of $3,281.25/t, indicating a general downward trend. This forecast highlights potential market volatility that could impact raw material prices.
The current forecast suggests downward pressure on raw material prices, primarily influenced by technical data, which has a negative impact of $12.52/t. Key contributors to this trend include the Futures Curve and Calendar Effects, with all data types indicating no upward pressure on prices.
The forecast anticipates a decline in LME zinc prices to $3,183.56/t over the next month. This projection is supported by a report from Fastmarkets, which expects a slight price increase in the first half of 2026 due to regional disparities. However, it predicts that prices will decline as global surpluses continue into 2026-27. For more details, visit [fastmarkets.com](https://www.fastmarkets.com/metals-and-mining/base-metals/monthly-base-metals-market-update-2026/?utm_source=openai).
The current forecast suggests downward pressure on raw material prices, primarily influenced by technical data, which has a negative impact of $12.52/t. Key contributors to this trend include the Futures Curve and Calendar Effects, with all data types indicating no upward pressure on prices.
The forecast anticipates a decline in LME zinc prices to $3,183.56/t over the next month. This projection is supported by a report from Fastmarkets, which expects a slight price increase in the first half of 2026 due to regional disparities. However, it predicts that prices will decline as global surpluses continue into 2026-27. For more details, visit [fastmarkets.com](https://www.fastmarkets.com/metals-and-mining/base-metals/monthly-base-metals-market-update-2026/?utm_source=openai).
What is the current / spot price of Zinc?
Zinc Price Today
February 6, 2026
Current Price
3281.25
$/t
What is the forecast for the price of Zinc?
Zinc Price Forecast
February 9, 2026
1 Month Forecast
3183.56
$/t
1 Year Forecast
3010.87
$/t
What are the short-term drivers of Zinc prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - Short term price trends - Zinc exports from Peru - EWMA-based technical analysis Br(None) The top contrary drivers for the 1 Month horizon are: - The net positions of speculators on the LME - Mineral Concentrates exports from Peru
What are the long-term drivers of Zinc prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - Movements in the Chinese Yuan - Movements in the Peruvian Sol - Movements in the Australian Dollar Br(None) The top contrary drivers for the 1 Year horizon are: - The net positions of speculators on the LME - Movements in the Euro
Will the price of Zinc go up?
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1 Week
1 Month
3 Month
6 Month
1 Year
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ChAI Protect is our commodity price risk insurance offering, created to protect your company from the financial risks associated with raw material price movements.
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