Zinc Historical Price Charts – Zinc Price History - FX LeadersFX Leaders

Zinc Historical Price Charts – Zinc Price History

Posted Wednesday, January 20, 2021 by
Arslan Butt • 3 min read

Zinc is a chemical element, which is also known by the symbol Zn and the atomic number 30. Zinc is a bluish-white element that can be refined into metal. It is the first element in Group 12 (IIB) of the periodic table. It is also worth mentioning that zinc (Zn) is chemically similar to magnesium, as both elements present only one normal oxidation state (+2), and the Zn2+ and Mg2+ ions are similar in size. Zinc is the 24th most abundant element in the Earth’s crust, and it has five stable isotopes. The largest  workable zinc mines are situated in Australia, Asia and the United States. 

How is Zinc Produced? 

The supply of zinc originates from two sources, the first of which is primary production (mining). The other method is secondary production (recycling). Mining provides most of the zinc used, and the US Geological Survey (USGS) measures the quantity recovered from recycling in the United States as approximately 25% of total consumption. 

1: Primary Production:

Almost 80% of zinc is mined in underground mines. Surface mining in open pits accounts for approximately 8% of mining, while mines that use both methods make up the remaining 12%. 

Many types of ore contain zinc, including zinc sulfide (sphalerite), zinc carbonate (smithsonite), zinc silicate (calamine) and manganese and iron compounds known as franklinite. 

Zinc and lead ores normally occur together, and they normally contain other precious metals, such as gold, silver and copper. 

There are four steps in the primary production process: 

1: Ore concentration 

2: Smelting 

3: Refining 

4: Alloying.

Historical Data Table:

Zinc Historical Price Data

 

Jan 07, 2021224.65224.50225.80223.805.82K
Jan 06, 2021224.05221.55224.35220.8013.81K
Jan 05, 2021220.90219.40221.15218.5510.61K
Jan 04, 2021218.40215.95219.25215.959.51K
Jan 01, 2021214.80214.20215.50214.150.99K
Dec 31, 2020215.25217.00217.00215.000.01K
Dec 30, 2020216.80217.40217.55216.200.01K
Dec 29, 2020217.95221.00221.00216.800.07K
Dec 28, 2020223.20221.90223.80221.900.04K
Dec 24, 2020220.40219.30222.00218.000.53K
Dec 23, 2020219.75217.45221.35215.209.00K
Dec 22, 2020217.45221.60221.75216.7510.95K
Dec 21, 2020221.35223.75225.65217.6515.18K
Dec 18, 2020222.80223.05224.10222.208.23K
Dec 17, 2020221.90220.60223.50220.509.74K
Dec 16, 2020219.80219.90221.85219.509.47K
Dec 15, 2020219.40219.80221.75218.509.35K
Dec 14, 2020220.00218.20220.15217.4010.26K
Dec 11, 2020216.35221.80222.45216.0012.66K
Dec 10, 2020222.20221.30223.85219.3510.59K
Dec 09, 2020221.85220.00222.40219.059.67K
Dec 08, 2020217.90217.95218.50216.008.32K
Dec 07, 2020218.05214.40218.35212.4013.77K
Jan 07, 2021224.65224.50225.80223.805.82K
Jan 06, 2021224.05221.55224.35220.8013.81K
Jan 05, 2021220.90219.40221.15218.5510.61K
Jan 04, 2021218.40215.95219.25215.959.51K
Jan 01, 2021214.80214.20215.50214.150.99K
Dec 31, 2020215.25217.00217.00215.000.01K
Dec 30, 2020216.80217.40217.55216.200.01K
Dec 29, 2020217.95221.00221.00216.800.07K

 

Monthly Change

DatePriceOpenHighLowChange %
Jan 21224.65214.15225.80214.1513.81K
Dec 20215.25220.85225.65212.10182.89K
Nov 20220.20203.15225.95201.50175.59K
Oct 20212.20191.10214.00181.20193.76K
Sep 20197.65197.00201.15185.60214.45K
Aug 20197.35183.55199.65182.35210.44K
Jul 20186.70164.05188.90161.50204.26K
Jun 20166.70158.40170.00157.10188.73K
May 20160.20151.30161.50148.55631.68K
Apr 20152.50145.50156.70141.90360.98K
Mar 20150.90154.80158.45123.60854.01K
Feb 20151.85175.00176.00149.50780.48K
Jan 20174.30179.20184.80173.00627.72K
Dec 19179.75185.60185.60175.35158.50K
Nov 19186.05188.10196.25183.85169.28K
Oct 19188.70184.85190.00179.10218.78K
Sep 19179.45184.50189.70178.10251.37K
Aug 19178.65192.25192.25178.50238.52K
Jul 19188.55200.65202.50187.80348.61K
Jun 19198.00207.25208.25194.90302.01K
May 19204.35223.45223.45203.40325.27K
Apr 19222.15224.00233.65220.15377.41K
Mar 19205.10197.00206.90189.15612.02K
Feb 19198.40194.35203.35183.40560.65K

What Affects the Price of Zinc?

The price of zinc is mostly influenced by five factors: 

1: Chinese Demand 

2: Chinese Supply 

3: Global Stocks 

4: US Demand

5: Input Prices

 

1: Chinese Demand 

China plays a meaningful role in determining zinc prices, as the Dragon Nation is the top consumer of refined zinc used in galvanized steel. Therefore, the leading indicator of the demand for zinc in China could be associated with the steel demand. Decisions about whether to undertake or hold off on infrastructure projects can create meaningful fluctuations in steel demand. Consequently, such decisions can have either a positive or a negative impact on the zinc market.

Furthermore, China’s monetary policy could also be considered as one of the key factors that can affect the demand for both steel and zinc. If the People’s Bank of China stimulates its monetary policy, this can stoke the demand for these commodities; conversely, tighter monetary policies can depress the demand.

As we are all well aware, China’s GDP growth has decreased significantly in recent years, which has raised doubts concerning the future demand for all industrial metals, such as zinc. In turn, we can say that Zinc is heavily dependent on Chinese demand.

Chinese Supply:

The country’s increasing environmental awareness could also be considered as one of the key factors that is impacting zinc output in China. It should be noted that poor air quality has forced the government to take a harder look at the mining industry as a contributor to pollution. If China controls the output of zinc to deal with this problem, the country will be more reliant on imports, which could drive zinc prices higher.

Global Stocks:

The London Metals Exchange (LME) keeps a record of global stock levels for industrial metals, including zinc. Therefore, traders keep their eyes on inventory levels for clues about shortages or surpluses in terms of the supply.

If inventory levels fall, the market is likely to face a shortage of zinc in the near future, which tends to underpin prices for the metal. Conversely, if stockpiling occurs and inventory levels grow, the market may face an oversupply of the metal, which tends to undermine the prices.

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.