Why are Zinc Prices so high?
30-09-2026 - Over the past month, the price of zinc has decreased from $4,083.96 per ton to $3,968.91 per ton, indicating a downward trend in the market. This decline may be attributed to changes in supply-demand dynamics or broader economic factors impacting raw material prices. The forecast predicts a further decrease to $3,893.26 per ton, a 1.9% drop from the current price, suggesting a generally flat trend with a slight downward movement. This forecast highlights potential market fluctuations that could affect raw material prices.
The forecast also indicates a notable downward price impact of -$25.97 per ton, largely influenced by data on Seaborne Imports and Exports. While supply data suggests upward pressure, demand, flows, and technical data point towards a continued decline in raw material prices.
According to an April 2023 report by S&P Global Commodity Insights, the average zinc price forecast for 2023 was revised down to $3,232 per metric ton. This adjustment reflects expectations of a market deficit of 184,000 metric tons due to power restrictions in China, suggesting a potential price increase. This contrasts with the forecast's prediction of a price decline to $3,893.26 per metric ton.
The forecast also indicates a notable downward price impact of -$25.97 per ton, largely influenced by data on Seaborne Imports and Exports. While supply data suggests upward pressure, demand, flows, and technical data point towards a continued decline in raw material prices.
According to an April 2023 report by S&P Global Commodity Insights, the average zinc price forecast for 2023 was revised down to $3,232 per metric ton. This adjustment reflects expectations of a market deficit of 184,000 metric tons due to power restrictions in China, suggesting a potential price increase. This contrasts with the forecast's prediction of a price decline to $3,893.26 per metric ton.
What is the current / spot price of Zinc?
Zinc Price Today
September 30, 2026
Current Price
3968.91
$/t
What is the forecast for the price of Zinc?
Zinc Price Forecast
September 30, 2026
1 Month Forecast
3893.26
$/t
1 Year Forecast
3283.04
$/t
What are the short-term drivers of Zinc prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - EWMA-based technical analysis - Short term price trends - Zinc exports from Peru - Mineral Concentrates exports from Peru Br(None) The top contrary drivers for the 1 Month horizon are: - SHFE Zinc stocks
What are the long-term drivers of Zinc prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - EWMA-based technical analysis - SHFE Zinc stocks - The shape of the futures curve Br(None) The top contrary drivers for the 1 Year horizon are: - Mineral Concentrates exports from Peru - The net positions of speculators on the LME
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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