Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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May 2019 | Base Metals

Zinc: Price forecast downgrade may be required

The LME cash price has averaged $2,874 per tonne so far in Q2, which is more in line with our low case forecast scenario of $2,800 per tonne. We still maintain that the fundamentals are set to retighten across Q2-Q3, and a breakthrough in trade negotiations could trigger a strong price rebound. If this is not forthcoming soon, however, our forecast scenarios will need to be lowered.

Trade uncertainties weighing heavier on prices


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