Zinc Prices man

Zinc prices averaged USD 3,818 per metric ton in October, down 4.9% from September. On 30 October, the commodity traded at USD 3,913 per metric ton, down 0.1% from 30 September.

Zinc’s six-month run of monthly gains ended in October, when the average price fell as a stronger U.S. dollar dampened buying, higher Chinese zinc exports eased Western shortages, and Chinese construction remained weak. Still, prices stayed historically high, supported by tight inventories, supply disruptions from the Iran war and bottlenecks in Western smelting capacity. ILZSG’s revision of a 271,000-metric-ton market surplus to an 88,000-metric-ton deficit for this year likely provided extra support.