Zinc Outlook

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Expert zinc market insights

Our quarterly zinc outlook is published in our Quarterly Metals Report, which covers base, precious and ferrous metals. The impact of supply and demand fundamentals and macroeconomic implications for the zinc futures and spot prices are analysed. Our research team produce a zinc price range forecast as part of the report.

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Zinc Outlook – Q1 2024

Despite the lacklustre state of the Chinese economy, zinc fundamentals have remained steady due to factors such as reduced domestic production and increased reliance on imports. However, the structural and cyclical indicators are important in driving the price narrative in the coming months. We expect zinc prices to follow a mean-reversion strategy but continue on a slight upward trend in Q1 2024. The resistance at $2,700/t is key; a break above it could trigger stronger gains on the upside.

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