Zinc prices at five-year low; under pressure from China, oversupply

Zinc prices have slipped to five-year lows and below lead prices for the first time since June 2014, when prices for both metals were more than $400 higher than they are now.

Three-month zinc prices on the London Metal Exchange slipped one dollar below lead prices on Thursday 17 September before recovering slightly on Friday but, by the close of Tuesday 22 September, were $55 below lead at $1,628.
“European exports to China are down, and there’s a massive stock overhang that is killing the markets,” a category I trader told Metal Bulletin.

"We're seeing a mass long liquidation," an analyst said. "Zinc has been the outperformer...


James Heywood

September 23, 2015

11:40 GMT