Why are Zinc Prices so high?
23-10-2025 - Zinc prices surged 14.5% over the past month, from $2939.99/t on September 22nd to $3367.74/t on October 22nd. The low was $2928.34/t on September 26th, with the high matching the current price.
Our one month forecast for Zinc is $3415.18 / t, a 1.4% increase from the latest price. Our analysis suggests a balanced market risk around this forecast for the raw material.
Our current forecast is heavily influenced by Flows data, with a significant price impact of $54.91 per tonne. The most impactful families within the Flows data are Seaborne Imports & Exports, contributing $44.47, and Exchange Rates, adding $10.44. However, there is disagreement among the data types, as Flows and Supply data suggest upward price pressure, while Demand and Technical data indicate the opposite trend. Flows data, particularly Seaborne Imports & Exports and Exchange Rates, are driving the forecasted price increase, despite conflicting signals from other data types.
Our one month forecast for Zinc is $3415.18 / t, a 1.4% increase from the latest price. Our analysis suggests a balanced market risk around this forecast for the raw material.
Our current forecast is heavily influenced by Flows data, with a significant price impact of $54.91 per tonne. The most impactful families within the Flows data are Seaborne Imports & Exports, contributing $44.47, and Exchange Rates, adding $10.44. However, there is disagreement among the data types, as Flows and Supply data suggest upward price pressure, while Demand and Technical data indicate the opposite trend. Flows data, particularly Seaborne Imports & Exports and Exchange Rates, are driving the forecasted price increase, despite conflicting signals from other data types.
What is the current / spot price of Zinc?
Zinc Price Today
October 23, 2025
Current Price
2997.25
$/t
What is the forecast for the price of Zinc?
Zinc Price Forecast
October 23, 2025
1 Month Forecast
3415.18
$/t
1 Year Forecast
2687.76
$/t
What are the short-term drivers of Zinc prices?
What are the long-term drivers of Zinc prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - Mineral Concentrates exports from Peru - Zinc LME Closing Stock - The net positions of speculators on the LME Br(None) The top contrary drivers for the 1 Month horizon are: - EWMA-based technical analysis - Short term price trends
Over the 1 Year horizon the outlook is bearish due to drivers such as: - EWMA-based technical analysis - The shape of the futures curve (adjusted for the risk free rate and price volatility) 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
The Latest Zinc News
ChAI Blog
LME Boosted SHFE to Rise, SHFE Zinc Center Moved Up [SMM Zinc Morning Comment]
October 23, 2025
metal.com
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